CFPB Reopens Enforcement in Student Debt Relief Case

On June 10, the CFPB moved to reopen its 2021 enforcement action against the final remaining defendant in a student debt relief case involving over $3.4 million in alleged illegal advance fees. The Bureau, under Acting Director Russel Vought, told the U.S. District Court for the Central District of California it will proceed against the individual defendant following a four-month…

Venture debt financing for startups

Why raise venture debt? Venture debt is a loan designed for fast-growing investor-backed startups, providing them with access to non-equity capital with minimal dilution. It’s a debt financing solution ideal for venture-backed companies that have raised a Series A or a sizeable seed round of $5M+. It is often secured at the…

City urges hard-pressed customers to take advantage of the 50% special debt relief • Tabloid Newspapers

In an effort to alleviate the financial burden on municipal customers and ratepayers, the City of Durban’s eThekwini Municipality is urging them to take advantage of a special, full council-approved debt relief programme designed to assist households and businesses struggling with old debt. This programme includes a 50% write-off of arrear debt accumulated as at…