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Bankman-Fried left the courthouse, surrounded by guards with assault weapons, and entered a vehicle, according to Reuters Video. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/10] Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas December 21, 2022. This rule, which is in The Bahamas’ extradition treaty with the United States, says a person can be tried only on the charges for which they are extradited. Bankman-Fried has acknowledged risk-management failures at FTX, but has said he does not believe he has criminal liability.

It paves the way for the founder of the FTX cryptocurrency exchange to be flown to the United States as early as Wednesday afternoon. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/8] Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted into the Magistrate Court building in Nassau, Bahamas December 21, 2022. This rule, which is in The Bahamas’ extradition treaty with the United States, says a person can be tried only on the charges for which they are extradited. Bankman-Fried has acknowledged risk-management failures at FTX, but has said he does not believe he has criminal liability.

NASSAU, Dec 21 (Reuters) - Sam Bankman-Fried left a Bahamas correctional facility and arrived in court on Wednesday morning, a source said, a day after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Bankman-Fried is expected to sign additional papers in court finalizing his waiver of rights to fight extradition, another person close to the matter told Reuters. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/6] Sam Bankman-Fried, founder and former CEO of crypto currency exchange FTX, leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022. Wednesday's hearing will follow a confusing sequence of events this week that left the status of Bankman-Fried's expected extradition unclear.

NASSAU, Dec 21 (Reuters) - Proceedings are set to resume on Wednesday in Sam Bankman-Fried's Bahamas court case, after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. He initially said he would contest extradition, but Reuters and other outlets reported over the weekend that he would reverse that decision. Wednesday's hearing will follow a confusing sequence of events this week that left the status of Bankman-Fried's expected extradition unclear. [1/6] Sam Bankman-Fried, founder and former CEO of crypto currency exchange FTX, leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022.

A hearing in Bankman-Fried's case will take place on Wednesday at 11 a.m. EST (1600 GMT), a court official told Reuters. Wednesday's proceeding could set the stage for the 30-year-old cryptocurrency mogul to depart the Caribbean nation, after several days of confusion about the status of Bankman-Fried's extradition. A person familiar with the matter said Bankman-Fried intends to consent to extradition. He initially told a Bahamas court he would contest extradition, but Reuters and other outlets reported over the weekend that he would reverse his decision. [1/2] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022.

☆ Bankman-Fried hearing to resume on Wednesday as extradition decision looms
▼ + stars: | 2022-12-20 | by ( Maria Alejandra Cardona | Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | ) www.reuters.com time to read: +3 min

[1/2] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022. Tuesday's events mark the latest episode in what has become a confusing, back-and-forth saga over Bankman-Fried's extradition. Last week, he initially told a Bahamas court he would contest extradition, but Reuters and other outlets reported over the weekend that he would reverse his decision. During a court hearing on Monday at which Bankman-Fried appeared, Roberts said he had not been informed of the purpose of the proceeding. The person familiar with the matter told Reuters after Monday's hearing that Bankman-Fried would indeed consent to extradition.

☆ Why Biden's student-loan forgiveness ignited a debate over the fairness of debt relief, according to an ethicist
▼ + stars: | 2022-12-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Dr. Kate Padgett Walsh, a debt ethicist, said those people view fairness "too narrowly." President Joe Biden arrived at an answer at the end of August – he would cancel up to $20,000 in student debt for federal borrowers making under $125,000. "Our student debt relief program will help borrowers most at risk of delinquency or default from the pandemic get back on their feet," Education Secretary Miguel Cardona wrote on Twitter. Senate Minority Leader Mitch McConnell said in August that Biden's plan to cancel student debt is "astonishingly unfair." "The financing of higher education is now so broken that we need to think about these questions of fairness and justice."

☆ Student loan forgiveness is headed to the Supreme Court. What that means for the payment pause
▼ + stars: | 2022-12-16 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

The pandemic-era relief policy suspending federal student loan bills and the accrual of interest has been in effect since March 2020. That development is why borrowers have gotten even more time without a student loan bill. Student loan bills could resume as soon as May 1The Education Department has left things a little open-ended when it comes to the timing of federal student loan payments resuming. During the extended payment pause, however, the Education Department is also ceasing all collection activity, it said. And while interest rates on federal student loans are at zero, it's also a good time to make progress paying down more expensive debt, experts say.

☆ ‘The Voice’ crowns a Season 22 winner
▼ + stars: | 2022-12-14 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —“The Voice” Season 22 has a winner. Bryce Leatherwood from Team Blake has been crowned the latest winner of the singing competition show. He performed coach Blake Shelton’s version “Goodbye Time” for his blind audition. Shelton added, “You’re 22 years old, and I don’t know how much experience you have on stage. You deliver and you’re solid and people react to that.”Leatherwood beat out fellow “Voice” hopefuls bodie (Team Blake), Morgan Myles (Team Camila), Omar Jose Cardona (Team Legend) and Brayden Lape (Team Blake).

[1/3] The prison where Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, is being held after his arrest is seen in Nassau, Bahamas December 14, 2022. REUTERS/Maria Alejandra Cardona/File PhotoDec 13 (Reuters) - Prisoners faced rodents and a lack of toilets in the Bahamas detention center where Sam Bankman-Fried will be held, according to a 2021 U.S. State Department report, though local authorities says conditions have since improved. The 30-year-old Bankman-Fried arrived at a Bahamas court on Tuesday for his first in-person public appearance since the spectacular collapse of cryptocurrency exchange he founded. Cleare said on Tuesday that prison conditions have greatly improved thanks to a renovation program that has built new cells. The Bahamas Department of Correctional Services did not immediately respond to a request for comment on the videos.

More than 40 million borrowers like Morales-Bartlett were eligible to cancel up to $20,000 in federal student loan debt under President Joe Biden’s one-time student loan forgiveness plan. Meanwhile, the pandemic-era federal student loan repayment pause has been extended while the government awaits the court’s decision. The average federal student loan debt nears $30,000. Brown’s son still has about $50,000 in student debt despite being one of the thousands of North Carolinians who received some student loan relief as part of a multistate settlement with Navient, one of the nation’s largest student loan servicers, over allegations of unfair and deceptive student loan servicing and predatory lending practices, according to Pennsylvania Attorney General Josh Stein's office. He also applied to the currently blocked student loan forgiveness program and is waiting to hear back.

☆ The Supreme Court will hear Biden's student-loan forgiveness case in February. Here's what that means for millions of borrowers waiting for relief.
▼ + stars: | 2022-12-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Supreme Court agreed to hear oral arguments on Biden's student-debt relief in February. The good news is that President Joe Biden's debt relief isn't dead in the water — the Supreme Court agreed to hear arguments to the case early next year. In the meantime, all eyes are on the Supreme Court. The issue of standing has long been the focus of not only this specific lawsuit, but the other conservative lawsuits that have sought to block debt relief. "Our student debt relief program is necessary to help 40M eligible Americans struggling under the burden of student loan debt recover from the pandemic," Education Secretary Miguel Cardona wrote on Twitter.

☆ 9 million student-loan borrowers got an email in November with the wrong subject line informing them their debt relief has been approved. Corrections are coming.
▼ + stars: | 2022-12-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

9 million student-loan borrowers received an email in late November with a subject line that their debt relief had been approved. It should have stated the applications had been received, not approved — an error made by an Education Department contractor. However, that subject line was incorrect, Insider has learned — it was simply supposed to inform borrowers that their applications had been received with the subject line: "Update on Student Loan Debt Relief." The department has previously indicated that 26 million student-loan borrowers had already submitted applications for debt relief. "Our student debt relief program is necessary to help 40M eligible Americans struggling under the burden of student loan debt recover from the pandemic," Education Secretary Miguel Cardona wrote on Twitter on Thursday.

☆ Biden's administration asks the Supreme Court to take on another student-loan forgiveness lawsuit, saying the lower court blocking the debt relief 'profoundly erred'
▼ + stars: | 2022-12-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Biden administration asked the Supreme Court to pause another ruling that blocked student-debt relief. The Supreme Court decided Thursday it would hear arguments for a separate lawsuit that blocked relief. On Friday evening, Biden's Justice Department urged the Supreme Court to intervene in a lawsuit that blocked student-loan forgiveness last month. The administration also remains confident in the legal authority it has to enact broad debt relief as part of its pandemic recovery measures. "Our student debt relief program will help borrowers most at risk of delinquency or default from the pandemic get back on their feet," Education Secretary Miguel Cardona wrote on Twitter on Friday.

☆ The Supreme Court rejects Biden's attempt to quickly revive student-loan forgiveness — but it will take up the case early next year
▼ + stars: | 2022-12-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Supreme Court rejected the Biden administration's attempt to revive student-debt relief. Until then, the loan forgiveness remains blocked. The Court will hear oral arguments to the case in February 2023, but until then, the debt relief remains blocked. Since the end of October, the Education Department stopped processing borrowers' debt relief because the 8th Circuit Court of Appeals placed a temporary stay on the loan forgiveness. On November 14, the 8th Circuit decided the pause will remain in place, prompting Biden's administration to take matters to the Supreme Court and ask it to revive the debt relief.

☆ Biden's student-loan forgiveness remains blocked after another federal court rejects the administration's attempt to revive its debt relief
▼ + stars: | 2022-12-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

It was in response to Biden's appeal to the court after a Texas judge blocked the relief. Separately, the Supreme Court is expected to rule on an 8th Circuit decision also blocking relief. On Wednesday night, a three-judge panel in the 5th Circuit Court of Appeals ruled that it would not grant the Biden administration's request to pause a district court decision that blocked the implementation of student-loan forgiveness. The Supreme Court has not yet issued a decision on whether it will grant the Biden administration's request to revive debt relief for millions of borrowers. Now, the fate of student-debt relief appears to rest at the Supreme Court.

☆ Is this the last Christmas for Sears?
▼ + stars: | 2022-11-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +13 min

Easterling was at the Sears in her hometown of Jersey City, New Jersey, one of only 15 full-line Sears stores still open. The two started a catalog business selling watches and jewelry in 1888, incorporating under the Sears Roebuck name in 1893. The Sears catalog was the way many Americans first started to buy mass-produced goods. File photo/AP People shop inside a Sears store in Morton Grove, Illinois, in 1961. AP Soldiers guard a Sears store in Baltimore after riots broke out following the assassination of Martin Luther King Jr. in 1968.

☆ Meet a Republican who would have all $10,000 of his student loans canceled under Biden's plan but thinks it's an unfair policy
▼ + stars: | 2022-11-27 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

He told Insider he wasn't surprised to see court challenges and worried for people who got refunds. Since Biden announced his plan at the end of August to forgive up to $20,000 in student debt for federal borrowers, the plan has been fraught with legal challenges. I think many of the court challenges have tried to shine light on that," Matthew said. "My generation, the millennial, Gen Z generation, are facing a significant problem with student-loan debt," he said. "This radical scheme must be eviscerated entirely, and Republicans will continue to support legal challenges to achieve that end."

☆ Student loan payments may not resume until August. Here's what borrowers need to know
▼ + stars: | 2022-11-26 | by ( Annie Nova | ) www.cnbc.com time to read: +8 min

With so much still up in the air, the Biden administration has pushed back the due date on student loan bills again. With previous extensions of the payment pause, the Education Department provided one date for when student loan bills would resume. Betsy Mayotte, president of The Institute of Student Loan Advisors, warned borrowers to first understand the federal protections they're giving up before they refinance. "Refinancing can generate a lower interest rate than federal student loan rates," Mayotte said. Could it make sense to still pay my student loans?

In the past two months, student loan forgiveness has been the target of two high-profile lawsuits. Meanwhile, the Biden administration responded by extending the student loan payment pause yet again. What's happening to student loan forgiveness? Since the status of student loan forgiveness remains in the air, the Biden administration has extended the student loan payment pause until the Supreme Court makes a ruling. Select ranked SoFi Student Loan Refinancing and Earnest Student Loan Refinancing as some of the best companies for refinancing student loans.

☆ Student-loan borrowers defrauded by Corinthian were promised $5.8 billion in relief 'immediately.' 6 months later Biden's Education Department says it'll take 'some time.'
▼ + stars: | 2022-11-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

In June, the Education Department approved a $5.8 billion loan discharge for former Corinthian students. Six months later, borrowers are still waiting, and the department said relief will now take "some time." Education Secretary Miguel Cardona said at the time that the impacted Corinthian borrowers will see their loans "immediately forgiven." This prompted Biden's Education Department to reform the process. Still, aside from the June announcement of relief, none of the Education Department's recent actions are giving Corinthian borrowers any certainty.

☆ There is a growing shadow campaign to defend Joe Biden from House Republicans
▼ + stars: | 2022-11-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +8 min

Three new "war rooms" have sprung up in the past two weeks to combat the House Republican investigations, each backed by multimillion-dollar dark money budgets and some of the best-known operatives in the Democratic Party. Every White House has faced congressional investigations. The White House itself has been preparing for months for the barrage of inquiries, adding both legal and public relations firepower to the White House Counsel’s Office, which is quarterbacking its effort, and encouraging federal agencies to take similar moves. And the White House prefers to stay above the political fray, anyway. I also think it’s the story of Joe Biden as an empathetic father.”

☆ Biden announced an extension of the student loan payment pause. These 3 factors will determine when you need to start making payments again.
▼ + stars: | 2022-11-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden extended the student-loan payment pause through June 30, 2023 at the latest. The extension was in response to two federal courts that have blocked the debt relief. Payments could resume earlier if lawsuits are resolved before June 30. "So today, @USEDGov is announcing an extension of the pause on student loan repayment, interest, and collections." Even if the lawsuits are not resolved by June 30 and relief has not been permitted, borrowers will still have to resume student-loan payments 60 days after that date.

☆ Biden administration to extend payment pause on student loans until after June or when legal challenges resolve
▼ + stars: | 2022-11-22 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The Biden administration on Tuesday announced that it will extend the payment pause on federal student loans until after June or when it's able to move forward with its debt forgiveness plan. Federal student loan bills had been scheduled to resume in January. The administration's move comes in response to a federal appeals court ruling last week that imposed a nationwide injunction on the debt relief plan. If it can't proceed with its policy and the legal challenges are still unfolding by June 30, 2023, student loan payments will restart 60 days after that. Federal student loan payments have been on pause since March 2020, when the coronavirus pandemic first hit the U.S. and crippled the economy.

☆ Biden extends the student-loan payment pause for another 6 months at most as his debt relief remains blocked in court
▼ + stars: | 2022-11-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Biden just announced an extension of the student-loan payment pause no later than June 30, 2023. It comes as the debt relief remains blocked in federal courts. Biden's administration recently asked the Supreme Court to revive the debt relief. "Student debt cancellation will change and save lives, and no eligible borrower should have to pay a dime on their student loans until they receive the up to $20,000 in student debt cancellation they were promised by President Biden." At this point, it's unclear whether the Supreme Court will decide to revive the debt relief or dismiss the administration's appeal.

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