New REPAYE program helps millions more student loan borrowers

In December 2015, the Department of Education announced that a new student loan repayment program became available to borrowers who qualify.  Known as Revised Pay as You Earn, or REPAYE, this program aims to help borrowers manage their payments even when they have Direct Loans that are too old to be considered for PAYE (Pay…

Encore Capital Group, Parent of Midland Funding, One of Largest Debt Buyers Punished by NY AG

You are probably vaguely aware of “debt buyers” by now. These are the massive companies that buy up old, stale debt for almost nothing and try to collect it from the unsuspecting consumer. Midland Funding, a subsidiary of Encore Capital Group, is one of several debt buyers active in Missouri courts. Debt buyers like Midland…

I was sued on an old credit card debt. Should I bother to go to court? Answer: YES.

People call my office all the time asking questions on this topic.  The standard story goes like this: “I had a credit card a few years back.  I am not sure what I owed on it back then.  I hit some hard times and couldn’t pay it.  I think it was charged off, and I…

Learning More To Protect You in Tampa

I am attending the Consumer Rights Litigation Conference in Tampa, FL. Sponsored by the NCLC and NACA, two of my favorite organizations, the Conference has been going strong for 25 years.  There is no better place to go for training in consumer law.  It is very fun for me to meet and talk with other…

Private Student Loan Lenders Prefer Borrowers Who Default?

The CFPB announced today the release of a new report about student loans. The agency’s findings aren’t shocking to those of us on the front lines of this fight. The conclusion? In short, private student loans are a disaster waiting to happen. Some of the issues that the CFPB reported are familiar to us and…