Republican AGs Take Another Bite at the Apple in Challenging Student Loan Cancellations
11 Republican AGs filed a lawsuit against the Biden administration and the Department of Education alleging that they exceeded executive and agency authority in implementing the SAVE Plan, which provides student loan borrowers with a swifter path to loan cancellation and lower monthly payments and has already resulted in loan cancellation for over 150,000 borrowers.
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Coalition Grows to Torpedo Mariner Finance over Hidden Add-ons
Pennsylvania AG Michelle Henry announced that six additional states have joined a lawsuit against lending company Mariner Finance, LLC, which was first filed by Pennsylvania and five other AGs in 2022.
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CFPB Issues Reality Check on Deceptive Ads to Transfer Providers and Digital Wallets
The CFPB has issued a new circular warning remittance transfer providers—including “digital wallets”—that deceptive advertising about the cost or speed of sending a remittance transfer can violate the Consumer Financial Protection Act, even if the provider is otherwise in compliance with the Remittance Rule under the Electronic Funds Transfer Act.
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They Were Warned: Massachusetts Cracks Down on Flavored Vape Sales
Massachusetts AG Andrea Campbell secured a preliminary injunction against VICA Trading, Inc. d/b/a VapeSourcing, prohibiting the company from advertising or selling flavored tobacco products within the state, online or in-person.
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AG James v. Bond Co.: $811 Million Judgment Obtained Against Company Targeting Immigrants
New York AG Letitia James, along with the Massachusetts and Virginia AGs and the CFPB, obtained an $811 million judgment against Libre by Nexus, Inc., its parent company Nexus Services, Inc., and its principals, over allegations that Libre violated the Consumer Financial Protection Act and state consumer protection and debt collection laws by offering and providing services related to immigration bonds with predatory terms and engaging in unlawful debt collection practices.
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Texas AG Investigation into Boeing Parts Supplier Takes Flight
Texas AG Ken Paxton has opened an investigation into Spirit AeroSystems Holdings, Inc., which manufactures and supplies fuselages for Boeing's 737 jets, over the reported manufacturing defects associated with recent incidents involving certain 737 models.
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