U.S. Secretary of Education Miguel Cardona issued the following statement after the Departments of Education and Justice filed a legal brief with the Supreme Court on the Biden-Harris Administrations Student Debt Relief Program: The Biden-Harris Administration remains committed to fighting to deliver essential student debt relief to tens of millions of Americans. As part of…
When the Biden administration heads to the U.S. Supreme Court in February to defend its student loan forgiveness plan, arguments will likely focus on whether a nearly 20-year-old law passed in the aftermath of the Sept.11 attacks allows Education Secretary Miguel Cardona to forgive some student loans. The legality of using the Higher Education Relief…
LegalPay, which is the countrys largest litigation funding platform, has launched Interim Financing Bonds that will allow retail investors to participate in a segment that is largely seen as an arena only for the high-net-worth individuals (HNIs). These bonds are fixed-income instruments to finance the expenses of companies undergoing Corporate Insolvency Resolution Process (CIRP). Retail…
Receive free Barclays PLC updates Well send you a myFT Daily Digest email rounding up the latest Barclays PLC news every morning. Barclays is joining forces with an insolvency specialist to try to recover millions of pounds of misappropriated loans advanced under the UK governments Covid-19 bounceback scheme. The bank is among the lenders that…