Loan

Confusion Reigns Among Students as Trump’s H.R. 1 Reshapes Federal Graduate Loan Landscape

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NASHVILLE, Tenn. — In a significant shift for student loan policy, President Trump signed into law H.R. 1, known as the Big Beautiful Bill, on July 4, effectively dismantling the SAVE Plan established during the Biden administration. This income-driven repayment option was projected to cost taxpayers approximately $475 billion over the next decade. As the new academic year unfolds, a notable disconnect appears among college students regarding their understanding of these changes. According to a survey conducted by U.S. News & World Report, many students express concerns about the federal loan changes introduced by H.R. … Read more

Urgent Care Clinic Faces Foreclosure Amid $4 Million Loan Dispute; Head Physician Named in Lawsuit

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PEA RIDGE, Ark. — A medical facility in Benton County is facing imminent foreclosure after reportedly failing to meet obligations on approximately $4 million in loans. This situation arises from a lawsuit initiated last month by a local bank. First Western Bank of Booneville has filed legal action against Pea Ridge Urgent Care Clinic Co., alleging that the clinic defaulted on loans that were issued between October 2022 and February 2025. The lawsuit was formally lodged in Benton County Circuit Court, outlining the bank’s claims for the outstanding amount. Dr. Alan Schumacher, who serves as … Read more

Lawsuit Alleges loanDepot Engaged in Deceptive Practices, Pressuring Loan Officers to Manipulate Rates for Profit

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Los Angeles, California – A lawsuit has emerged, accusing loanDepot of coercing loan officers to prioritize higher-rate loans for borrowers in order to secure greater commissions. This practice reportedly underpins allegations of steering in the mortgage lending process. The claims suggest that when loan officers were unable to finalize certain deals, they would reroute borrowers to internal loan consultants, allowing the company to pay less in compensation. However, the lawsuit argues that these transfers were predominantly superficial, with the original loan officer remaining actively involved in the transactions. If the documentation for a transfer cited … Read more

Gramercy Celebrates Strong Returns as Mass Tort Firm Rueb Stoller Daniel Successfully Refinances $85 Million Loan

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Greenwich, Connecticut — Investment manager Gramercy has delivered promising returns to its investors following the successful refinancing of a substantial loan to a mass tort law firm. This development stands out as a rare positive amid a downturn in mass tort revenues. The law firm Rueb Stoller Daniel effectively managed to refinance its $85 million loan from Gramercy, a move made possible by the settlement of cases that exceeded the loan balance by 135 percent. This information was shared with Gramercy’s investors in a letter dated April 11, which has been seen by sources in … Read more