borrower protections
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A new measure aimed at protecting financially struggling workers has cleared the Illinois House, as lawmakers move to end a decades-old policy that allows state employees to be terminated for defaulting on student loans. The legislation, introduced by La Shawn K. Ford, seeks to repeal provisions tied to the Education Loan Default Act that critics…
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On September 20, 2024, California Governor Gavin Newsom signed AB 2424, a landmark bill aimed at strengthening protections for mortgage borrowers facing foreclosure. Set to take effect on January 1, 2025, the new law introduces critical changes to the foreclosure process, offering additional support and resources to homeowners in default. Mortgage lenders will need to…
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