Wells Fargo Puts Mortgage Customers in Unwanted Forbearance Plans

Wells Fargo Puts Mortgage Customers in Unwanted Forbearance Plans

In 2016, Wells Fargo employees created roughly 3.5 million fake accounts to receive sales-based incentives. In 2018, a computing miscalculation caused hundreds of Wells Fargo customers to miss out on loan modifications and, perhaps, ultimately lose their homes to foreclosure. Now, Wells Fargo mortgage customers in at least 14 states have reported that they were inappropriately placed in CARES Act forbearances. (This kind of forbearance puts a pause on mortgage payments for borrowers hurt by the coronavirus pandemic for up…

Read More Read More

Navient Settles Lawsuit Over Student Loan Forgiveness Program

Navient Settles Lawsuit Over Student Loan Forgiveness Program

Congress created the Public Service Loan Forgiveness Program (PSLF) to provide student loan discharges to those who work in the public interest, such as for a government agency or a nonprofit organization. For example, if you’re a full-time employee of a public school system, your employment would meet the requirements for PSLF, regardless of whether you’re a teacher, administrator, or support staff. Under this program, the remaining balance on your eligible loans is forgiven after you make 120 qualifying monthly payments under…

Read More Read More

Why You Should Check Your Credit Regularly During the Coronavirus Pandemic

Why You Should Check Your Credit Regularly During the Coronavirus Pandemic

If the coronavirus (COVID-19) outbreak has hurt you financially, working out a deal with a creditor or lender to skip payments or pay less than the required minimum amount could impact your credit even though, in most cases, it shouldn’t. So, you need to be proactive in reviewing and protecting your credit during this national emergency. Credit Protections Under the CARES Act Under the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, if you make an agreement with a…

Read More Read More

Landmark Supreme Court Ruling: Employers Can’t Discriminate Based on Sexual Orientation or Gender Identity

Landmark Supreme Court Ruling: Employers Can’t Discriminate Based on Sexual Orientation or Gender Identity

In an historic decision for LGBT rights, the U.S. Supreme Court has held by a 6-3 margin that workplace discrimination based on sexual orientation or transgender status violates Title VII of the Civil Rights Act of 1964, which prohibits discrimination on the basis of sex. The case, Bostock v. Clayton County, Georgia (No. 17–1618), involved three individuals who alleged they were fired from their jobs because they were gay or transgender. In his majority opinion, Justice Neal Gorsuch wrote: An…

Read More Read More

The Call to Defund the Police: What Does It Mean?

The Call to Defund the Police: What Does It Mean?

The death of George Floyd, a black gentleman killed by a white Minneapolis police officer, sparked frustration and outrage in communities all over the world. Protestors, communities, and families are demanding an end to brutality, misconduct, and racial profiling by the police. In the past, police reform efforts included implicit bias and de-escalation training for officers, mandatory body cameras, increased community outreach, and new use-of-force policies. But, for many, these efforts have failed—completely. And now people are demanding more than…

Read More Read More