Senate rejects DeVos rule restricting debt relief for bilked students

WASHINGTON – In a bipartisan reprimand, the Senate on Wednesday voted to overturn a major Trump administration rule that would significantly limit debt relief for students misled by schools that lured them in with false claims on the careers and income prospects of their graduates. In a 53-to-42 vote that …

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Customers Need Debt Relief: Commissions and Utilities Can Help

Part of NRDC’s end-of-year series examining climate and clean energy developments in 2020 With millions of Americans significantly behind on their electricity and water bills, no further federal aid on the horizon, and moratoria on utility shutdowns expiring, the United States faces an economic crisis and worsening public health. As …

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Expiration of bankruptcy relief threatens recovery

Small Business Startup News Written by Ken GaeblerPosted: 3/8/2021 A regulatory provision to help small businesses survive the pandemic will expire later this month, unless Congress takes immediate action. The Small Business Reorganization Act (SBRA) was passed by Congress in August 2019 and took effect in February 2020, just as …

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China gives up part of Congolese debt to ease pressure on economy

China has canceled part of the debt owed to it by the Democratic Republic of the Congo, to help this central African country overcome the economic fallout from the coronavirus pandemic, the Congolese foreign ministry said on Wednesday. The ministry did not say how much was forgiven. The deal was …

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House Ag adopts the provisions of the recovery plan

The House Agriculture Committee passed the $ 16.1 billion agriculture and nutrition provisions of the budget reconciliation legislation that advances President Biden’s $ 1.9 billion stimulus package against coronaviruses. He adopted a 25-23 party line with Republicans complaining that he had been left out of the process. The legislation addresses …

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Anne Krueger | Debt Relief and Immunization Equity | Business

The COVID-19 pandemic has spread globally and will not be over until it is brought under control everywhere. Therefore, international efforts are underway to support the world’s poorest countries. COVAX, a multilateral initiative organized by the World Health Organization and Gavi, the Vaccine Alliance, organizes the procurement of vaccines to …

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Sudan devalues ​​currency to meet key debt relief condition

KHARTOUM (Reuters) – Sudan’s central bank strongly devalued the currency on Sunday, announcing a new regime to “unify” official and black market exchange rates in a bid to overcome crippling economic crisis and access relief debt. The change is a key reform demanded by foreign donors and the International Monetary …

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UN calls on Somalia to hold delayed elections “as soon as possible” | Somalia News

UN envoy for Somalia called on Somali leaders to reach agreement on holding elections “as soon as possible”, in comments made days after gunfire erupted during protest opposition in the capital, Mogadishu. In a quarterly UN Security Council videoconference, James Swan on Monday urged “all Somali political leaders to step …

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Virginia AG settles down with Student Debt Relief Company | Goodwin

On March 3, the Attorney General of Virginia ad that the state has reached a settlement with a student debt relief company for alleged violations of the Virginia Consumer Protection Act (VCPA). Simultaneous filing complaint alleged that from February 2015 to August 2018, the company misled nearly 2,200 student borrowers …

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Definition of debt relief

What is debt relief? Debt relief is the reorganization of debt in any form in order to provide the indebted party with a respite, either totally or partially. Debt relief can take many forms: reduce the outstanding principal (again, partially or totally), lower the interest rate on loans due, or …

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