By Jon Hill ( March 13, 2025, 10:20 PM EDT) — The Consumer Financial Protection Bureau urged an Illinois federal judge Thursday to order the head of a defunct debt-relief company to pay $43 million in fines and restitution, sticking with a Biden-era request for penalties in the case….
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By Jon Hill ( March 13, 2025, 10:20 PM EDT) — The Consumer Financial Protection Bureau urged an Illinois federal judge Thursday to order the head of a defunct debt-relief company to pay $43 million in fines and restitution, sticking with a Biden-era request for penalties in the case….
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
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![GAMBLING/ GAMING](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Gambling can raise red flags to lenders and banks when assessing a person’s home loan application. Picture: John Appleyard
Costly habits of prospective Aussie homebuyers are posing red flags to lenders and banks when they’re applying for mortgage loans, and some are more detrimental than one might believe.
A Money.com.au survey with 1000 participants revealed 150 respondents (15 per cent) admitted gambling was their worst financial habit, while 170 (17 per cent) said they regularly used Buy Now, Pay Later (BNPL) products which banks considered a form of undisclosed debt.
One in five participants (20 per cent) procrastinated paying bills, with Generation Z (33 per cent) and Millennials (35 per cent) the worst offenders.
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Sask. homeowner discovers $30,000 lien on property due to restoration company bankruptcy CTV News
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Analysis of non-profit SAY’s tax returns shows it operated in the red for years before it went bankrupt The Santa Rosa Press Democrat
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Topline
The Department of Education has started shuttering offices and instituting layoffs affecting approximately half its workforce this week—one of several steps President Donald Trump’s administration is taking that could affect how the government handles federal student loans and student loan forgiveness.
President Donald Trump listens as Elon Musk speaks in the Oval Office at the White House on Feb. 11.
Key Facts
Department of Education Job Cuts: The Education Department announced Tuesday it plans to lay off approximately 50% of its workforce and shutter some offices, after approximately a quarter of the Office of Student Aid’s employees had already previously…
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Another school lunch provider goes into liquidation Stuff
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KUALA LUMPUR – A total of 5,272 youths below the age of 34 have been declared bankrupt from 2020 to this year, according to Youth and Sports Minister Hannah Yeoh.
She said that of the total, 5,189 were aged between 25 to 34, while 83 others were below 25.
Factors contributing to youth bankruptcy include business loans (1,148 cases), housing loans (474 cases), other forms of debt (463 cases), vehicle hire-purchase loans (444 cases), corporate guarantees (383 cases), income tax debt (110 cases), credit card debt (89 cases), failure to contribute to the Employees Provident Fund (77 cases), scholarships and student…
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Each day hundreds of Australians are contacting financial counselling services seeking help to manage their household expenditure.
And many of those asking for assistance are reported to be juggling several jobs, blaming the increase in their mortgage or rental costs.
Guest: Tania Clarke, Director of Policy and Campaigns at Consumer Action Law Centre
Producer: David Cook
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Strategic Moves and Debt Management Drive Buy Rating for New Fortress Energy TipRanks
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A Total Of 5,272 Youths Declared Bankrupt Since 2020 BERNAMA