A private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing that the moratorium has no legal basis and has cost the bank millions of dollars in profits.
Biden’s latest extension, which was announced in November and could stretch as far as this summer, is unlawful on “multiple grounds,” the lawsuit claimsA private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing the moratorium has no legal basis and has cost the bank, known for its refinancing business, millions of dollars in profits.
The bank says its federal student loan refinancing business has suffered because borrowers have no incentive to refinance while payments and interest remain on hold. At a minimum, the lawsuit asks a judge to limit the pause only to borrowers who would be eligible for Biden’s cancellation plan.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
SoFi Bank sues to block Biden's student loan payment pauseA private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing that the moratorium has no legal basis and has cost the bank millions of dollars in profits.
Baca lebih lajut »
SoFi Bank sues to block Biden's student loan payment pauseWASHINGTON (AP) — A private bank is trying to force the Biden administration to end its pause on federal student loan payments , arguing the moratorium has no legal basis and has cost the bank, known for its refinancing business, millions of dollars in profits.
Baca lebih lajut »
SoFi Bank sues to block Biden’s student loan payment pauseA private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing the moratorium has no legal basis and has cost the bank, known for its refinancing business, millions of dollars in profits.
Baca lebih lajut »
SoFi Bank sues to block Biden's student loan payment pauseA private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing that the moratorium has no legal basis and has cost the bank millions of dollars in profits
Baca lebih lajut »
SoFi Bank sues to block Biden’s student loan payment pauseThe bank says its federal student loan refinancing business has suffered because borrowers have no incentive to refinance while payments and interest remain on hold.
Baca lebih lajut »
'Financial Vulture' SoFi Sues to Block Biden's Student Loan Repayment PauseThanks to the moratorium on student loan repayments, said StrikeDebt, 'tens of millions of Americans have been able to put food on the table, pay for childcare, stay in their homes, and purchase their lifesaving medicine.'
Baca lebih lajut »