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Is really a debtor necessary to pay standard rate interest whenever it reinstates that loan under an agenda of reorganization? Based on a current eleventh circuit court of Appeals decision, In re Sagamore Partners, Ltd., 2015 U.S. App. LEXIS 15382 (Aug. 31, 2015), the solution is determined by the root loan papers and relevant non-bankruptcy law. (more…)
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Standing up towards the Wall that is big Street and predatory loan providers has most certainly not gotten any easier into the Trump era. In reality, the president and congressional Republicans are desperate to move straight straight back lots of the post-crisis policies to tame the economic climate.
But Amanda Jackson, who assumes on powerful monetary industry forces each and every day given that Organizing Manager for People in the us for Financial Reform, claims sheвЂ™s drawing power and motivation from a rise of activism.
вЂњTrump is people that are forcing be much more alert to conditions that specific communities have already been facing forever,вЂќ Jackson told Inequality . вЂњThereвЂ™s no area that is gray. Either you turn a blind eye to the issues or perhaps you answer the proactive approach. Fortunately, weвЂ™re seeing many individuals answer that call.вЂќ
Jackson is mobilizing to guard a legislation to prevent punishment of prepaid debit card users. These cards have not been covered by legal protections against fraud, hidden fees, and unauthorized charges unlike regular credit and debit cards tied to bank accounts. To guard these consumers, federal regulators adopted new safeguards on prepaid cards year that is last are planned to get into force in April 2018. But congressional Republicans have introduced legislation to block them. (more…)