The United States Consumer Financial Protection Bureau finalized a rule for homeowners who are struggling to make mortgage payments due to the pandemic, but said foreclosures would be allowed to resume in coming months once those extra protections have been met. The new rule safeguards struggling borrowers and allows them to …
Read More »Federal Judges Block Black Farmers From Receiving Debt-Relief Funding
Two federal judges have blocked minority farmers from receiving billions of dollars in debt-relief payments. Judges Marcia Morales Howard and William Griesbach say the Emergency Relief for Farmers of Color Act is unconstitutional because it is not race-neutral. The orders come after white farmers and institutions filed lawsuits because they couldn’t receive …
Read More »Thousands Of Students Will Have Their Student Loan’s Forgiven
The U.S. Department of Education announced that 72,000 students would have their student loans erased under the Borrower Defense to Repayment program. The relief will go to students who attended for-profit schools and were already approved by the Department of Education for Borrower Defense relief. While the move amounts to roughly …
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