Senator Elizabeth Warren, D-Mass., wants the U.S. Department of Justice to do more to educate student loan borrowers about the new, easier path to filing for bankruptcy.
U.S. Senator Elizabeth Warren faces reporters during a break in a bipartisan Artificial Intelligence Insight Forum for all U.S. senators at the U.S. Capitol in Washington, September 13, 2023.In a May letter reviewed by CNBC, the Democratic senator from Massachusetts, along with Sen. Sheldon Whitehouse, D-R.I., wrote to, director of the U.S.
"While the government used to fight discharge aggressively in almost every case, there is now a policy to agree when the borrower can show financial need and a history of good faith efforts to pay the loans," Latife Neu, a bankruptcy lawyer in Seattle, said in March.Many borrowers are 'not aware' of changes"More than 43 million borrowers in the United States carry a total of $1.
Malissa Giles, a consumer bankruptcy lawyer in Virginia, agreed that the government needed to better inform borrowers and lawyers about the new process.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Source: KPBSnews - 🏆 240. / 63 Read more »