Student loan refinance

On Wednesday, May 11, the Consumer Financial Protection Bureau (CFPB), a federal watchdog agency responsible for consumer protection in the financial services industry, finalized an enforcement action against debt-relief payment processors RAM Payment and Account Management Systems (AMS) as well as AMS’s co-founders, Gregory Winters and Stephen Chaya. The respondents have been accused of illegally collecting debt-relief fees, misleading borrowers about when said fees would be paid to debt-relief companies, sending illegal advance fees to debt-relief companies, and failing to return funds to consumers who cancelled their student loan debt-relief agreements. The CFPB has ordered RAM Payment, AMS, Winters, and Chaya to pay over $11 million in consumer redress and civil money penalties, in addition to banning AMS, Winters, and Chaya from the debt-relief payment processing and account maintenance industry. Key Takeaways The Consumer Financial Protection Bureau (CFPB) has … [Read more...] about CFPB Orders Debt-Relief Payment Processors to Pay Over $11 Total Million Penalty

Share to Twitter Share to Linkedin Higher education has been the bedrock of our society for over 300 years, with just under 4,000 degree-granting institutions. Recently, however, skyrocketing tuition costs have created several challenges and have the general public questioning the value and purpose of higher education. With much public outcry on the value proposition of higher education, can the industry be sustained or reinvented? Many articles have been written about higher education “landlords,” as institutions compete for students based on amenities and facilities. This intense competition for colleges and universities to attract students has resulted in expensive amenities and accommodations to convince students to attend. While this is a nice to have for students, it has also driven up the cost of a college degree to the point where many cannot afford a degree. As competition increases and state and federal subsidies decrease, these additional costs are … [Read more...] about Leaders Share Strategies To Reinvent Higher Education

O pportunity Zones have been having a rough time in the press. The tax policy —bipartisan, market based, and designed to inject billions of dollars into long overlooked communities—has recently been cast in the media as another tax loophole for billionaires, giving investors (many political connected) big tax breaks to build real estate projects for the rich, not the underserved people the law was designed to help. Every new tax law creates a new loophole. There will always be bad actors and unintended consequences. As stories on tax policies go, it makes for a scandalous read. But there is another story, one less salacious but equally important, of bold investors and creative civic leaders using OZ law as it was meant to be. Powered by the Sorenson Impact Center , we are debuting the Forbes OZ 20: The Top Opportunity Zone Catalysts. Comprised of 10 trailblazing community organizations and 10 innovative OZ funds, the Forbes OZ 20 shines a light on the players … [Read more...] about Meet The Forbes OZ 20: The Top Players Investing For Lasting Impact