With medical debt burdening millions, a financial regulator steps in to help – News-Medical.Net

When President Barack Obama signed legislation in 2010 to create the Consumer Financial Protection Bureau, he said the new agency had one priority: “looking out for people, not big banks, not lenders, not investment houses.” Since then, the CFPB has done its share of policing mortgage brokers, student loan companies, and banks. But as the…

With Medical Debt Burdening Millions, a Financial Regulator Steps In to Help – KFF Health News – Kaiser Health News

When President Barack Obama signed legislation in 2010 to create the Consumer Financial Protection Bureau, he said the new agency had one priority: looking out for people, not big banks, not lenders, not investment houses. Since then, the CFPB has done its share of policing mortgage brokers, student loan companies, and banks. But as the…

Student loan borrowers facing financial hardship may qualify for Biden's new round of debt relief – Fox Business

Borrowers with high medical debt, childcare costs and other financial burdens qualify for relief.  (iStock) The Biden-Harris administration recently released another proposal to help borrowers handle high-cost student loans. This round of student debt relief is designed to help students facing serious financial hardship. The proposal would provide automatic relief to borrowers deemed likely to…