Stacy Cowley
Posts
Elizabeth Warren Singles Out Wells Fargo for ‘Alarming Pattern’ of Zelle Fraud
Customers’ claims have risen sharply in recent years and exceed the rate reported by other large banks, the senator said in a letter to the...
Elizabeth Warren’s Report Says Few Customers Get Refunds for Zelle Fraud
Elizabeth Warren’s analysis of fraud and scam complaints on the payment network found that banks at times violate a federal consumer protection law.
Lawsuit Seeks to Block Biden’s Student Debt Cancellation Plan
A lawyer at a conservative legal group said in a complaint that he would personally be financially harmed by the government’s approach.
Biogen Agrees to Pay $900 Million to Settle Lawsuit Over Kickbacks
The company was accused of illegally paying doctors to prescribe its drugs over those of its rivals.
Student Loan Subsidies Could Have Dangerous, Unintended Side Effects
Experts worry that aspects of President Biden’s debt relief plan could lure unscrupulous schools and unknowing students.
Government Will Cancel $1.5 Billion in Loans for Westwood College Students
The Education Department intends to wipe out the federal debt of those who attended the for-profit school from 2002 until it closed in 2016 without...
Education Department wipes out $4 billion in ITT Tech student loans.
The agency also sought to recoup $24 million from another for-profit college chain, DeVry University, to cover the costs of discharging its former students’ loans.
Harris Jewelry will pay refunds and stop loan collections to settle predatory-lending charges.
The now-defunct retailer sold overpriced goods to members of the military with high-interest loans, prosectors said.
Bank of America is fined $225 million for mishandling pandemic unemployment benefits.
An automated fraud filter improperly froze thousands of customers’ accounts, regulators said.
Education Dept. Seeks to Curb Student Loan Interest
New rules would undo Trump administration actions and give borrowers an easier path through loan forgiveness programs.