• Loans

    ‘Landmark settlement’ reached in lawsuit over Public Servant Forgiveness Program

    One of America’s largest teacher’s unions and the Department of Education (ED) announced a settlement on a key loan forgiveness program used by public service workers. The American Federation of Teachers (AFT) hailed the “landmark settlement” in the case of Weingarten v. DeVos — originally filed in July 2019 and titled after the AFT President Randi Weingarten and former Education Secretary Betsy DeVos — as an agreement that will “hold the federal government accountable for its failure to manage the Public Service Loan Forgiveness program.” The news comes a week after ED announced a series of major changes to the  

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  • Loans

    Who is eligible and how to apply under Biden’s overhauled relief program

    A federal program failed to fulfill its promise of offering student debt relief to thousands of public workers, including teachers, police officers and firefighters. Now, the government is trying to make it right. On Wednesday, the U.S. Department of Education announced sweeping changes to its Public Service Loan Forgiveness program after thousands of borrowers applied for forgiveness, with nearly all of them being rejected by the federal government. After making a decade of payments, many found out that they had the wrong type of federal loan or repayment plan to be eligible for the program. Thousands have been straddled with  

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  • Loans With Collateral

    Roswell businesswoman pleads guilty to bank fraud in connection with the Paycheck Protection Program | USAO-NDGA

    ATLANTA – Hunter VanPelt, a/k/a Hunter Lauren VanPelt, a/k/a Ellen Corkrum, a/k/a Ellen Yabba Kwame Corkrum, who defrauded the Paycheck Protection Program (PPP) of more than $6 million, has pleaded guilty to a charge of bank fraud. “The Paycheck Protection Program helps businesses keep their workforces employed during the COVID-19 crisis,” said Acting U.S. Attorney Kurt Erskine.  “When these funds are diverted by fraud, such as in this case, workers and the businesses that employ them unfortunately suffer.” “VanPelt brazenly exploited this devastating national emergency for personal gain, and she is now being held accountable for her fraudulent conduct,” said  

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  • Vehicle Insurance

    Illinois’ Electronic Vehicle Insurance Verification Program aims to crack down on uninsured drivers

    Springfield, Illinois (WMBD) —Vehicle owners who fail to prove insurance under the Illinois electronic verification program will be charged a $ 100 reinstatement fee. Secretary of State Jake Carter said the state’s mandatory electronic insurance verification program will come into effect from 1 July. Auto insurance companies and the Secretary of State are working together to verify auto insurance electronically. In most cases, electronic verification of car insurance is processed automatically, so the vehicle owner does not need to do anything. “My office has led efforts to establish and implement an online car insurance verification system that can help reduce  

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  • Vehicle Insurance

    Illinois’ electronic automobile insurance verification program aims to crack down on uninsured drivers

    SPRINGFIELD, Ill. (WMBD) — A $100 reinstatement fee will be charged to vehicle owners who fail to prove insurance under Illinois’ electronic verification program. Secretary of State Jesse White said starting July 1, the state’s mandatory insurance electronic verification program goes into effect. Auto insurance companies and the Secretary of State’s Office are working together to verify motorists’ insurance electronically. In most instances, vehicle owners will not have to do anything, since the electronic verification of automobile insurance will be handled automatically. “My office has led the effort to establish and implement an automobile insurance verification system online that uses  

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  • Vehicle Insurance

    White reminds drivers electronic automobile insurance verification program underway | News

    Illinois Secretary of State Jesse White is reminding drivers that electronic verification of automobile insurance has begun and vehicle owners who are unable to prove insurance will face a license plate suspension and $100 reinstatement fee. Enforcement of the state’s mandatory insurance electronic verification program began on July 1, 2021. Insurance companies are working in conjunction with the Secretary of State’s office to confirm electronically that motorists have automobile insurance. The vast majority of vehicle owners will not have to do anything, as electronic verification of automobile insurance will be confirmed automatically. “My office has led the effort to establish  

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  • Loans

    Why farmers are fighting the USDA’s loan forgiveness program

    The American Rescue Plan Act, signed into law in March, hinged eligibility for loan forgiveness on the basis of one characteristic: race. It said minority farmers are automatically entitled to a payment of 120 percent of their farm loans; white farmers are excluded, no matter how dire their circumstances. Agriculture Secretary Tom VilsackTom VilsackUSDA: Farm-to-school programs help schools serve healthier meals OVERNIGHT MONEY: House poised to pass debt-ceiling bill MORE proclaimed that the law addresses “systemic discrimination.” In other words, the Department of Agriculture believes that the way to end discrimination is to mandate more of it.     Last  

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  • Loans

    Ad exaggerates benefits of veterans loan program

    The claim: Biden, Congress created a ‘generous mortgage relief program’ for veterans  As home-sale prices continue to increase across the country, posts claiming Congress established a “generous mortgage relief program” for veterans have surfaced on social media. The claim follows President Joe Biden’s American Rescue Plan Act of 2021, which allocates approximately $10 billion to help homeowners struggling with financial hardships. One post, titled “BIDEN IS ON A ROLL,” claims if veterans can’t wait for that assistance, they can take advantage of a relief program from Congress instead. “If you can’t wait around for the assistance, Congress gives veteran  

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