DIRS.INFO The most relevant business & tech news

☆ Biden administration did not fast-track student loan relief before final rule: official
▼ + stars: | 2024-09-11 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. But the Biden administration official told CNBC that the Department of Education had only instructed loan servicers to get ready for the debt cancellation. The program is the third Biden administration effort to forgive student debt to end up blocked by Republican-led legal challenges. In June 2023, the Supreme Court ruled that the administration's first attempt to cancel up to $400 billion in student debt without prior authorization from Congress was unconstitutional. Two months ago, a federal appeals court temporarily halted Biden's new affordable repayment plan for student loan borrowers, known as SAVE.

Persons: Joe Biden, Joe Biden's, Miguel Cardona, servicers, Randal Hall, Mark Kantrowitz, Kantrowitz, Biden, Hall, Luke Herrine Organizations: Madison Area Technical, Truax, Biden, U.S . Department of Education, AGs, of Education, CNBC, Department of Education, DOE, Missouri Attorney General's, Department, Republican, SAVE, University of Alabama Locations: Madison , Wisconsin, U.S, Georgia, Augusta , Georgia, Missouri, Alabama, Arkansas, Florida, North Dakota, Ohio

☆ Employees at the student-loan company named in a major lawsuit blocking Biden's debt relief were confused about their involvement in the case: 'Are we the bad guys?'
▼ + stars: | 2023-06-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Employees at student-loan company MOHELA were confused about their role in one of the lawsuits blocking debt relief. MOHELA has denied involvement in the case, and Supreme Court justices were skeptical of its standing. But it appears MOHELA employees weren't given a heads-up they would be called into this major lawsuit. Millions of borrowers are waiting for the Supreme Court to issue its final decision on the legality of Biden's debt relief, which could happen in the coming weeks. Do you work at MOHELA or another student-loan company and want to share your story?

Persons: MOHELA, —, Joe Biden's, Cori Bush, Bush, James Campbell, Campbell, Ella Azoulay, Amy Coney Barrett Organizations: Student, Protection, Service, Employees, GOP, Missouri Sunshine, Missouri Rep, Missouri Attorney Locations: Missouri, Nebraska, MOHELA

☆ Missouri's abortion ban declares 'Almighty God is the author of life.' Faith leaders beg to differ in new suit.
▼ + stars: | 2023-01-20 | by ( Stephanie Russell-Kraft | ) www.businessinsider.com time to read: +4 min

Missouri's abortion ban completely outlaws abortion with limited exceptions. The clergy, who come from denominations of Christianity, Unitarian Universalism, and Judaism, said the abortion ban violates their religious freedom and subjects them to "the religious dictates of others." "It came from religious leaders and communities, who have been explaining for decades that they see reproductive freedom as essential to religious freedom." But Missouri lawmakers openly discussed their religious beliefs on abortion while writing the abortion ban in 2019 according to the lawsuit, saying things like "Life begins at conception. There have also been more than a dozen cases challenging abortion restrictions on religious freedom grounds since the Supreme Court's decision, according to Platt.

A 19-year-old Missouri woman can't be a witness to her father's execution after a judge ruled Friday that a state law barring her from being present because of her age is constitutional. Kevin Johnson, 37, has been in prison since Ramey was 2 for the 2005 killing of William McEntee, a police officer in Kirkwood, Missouri. But Missouri law says that no person younger than 21 can witness an execution. Johnson's fate remains unclear after a motion asking for his execution to be halted was filed by a special prosecutor, Edward Keenan. The Missouri Attorney General's Office, however, believes Johnson's execution should go on and that "the surviving victims of Johnson's crimes have waited long enough for justice."

☆ Why a federal court blocked Biden's student-debt cancellation even after a major loan company undermined a key argument in the GOP-led lawsuit
▼ + stars: | 2022-11-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The 8th Circuit blocked Biden's student-debt relief in response to a lawsuit filed by six GOP-led states. It said the states' argument that the relief would hurt student-loan company MOHELA has standing. But a district judge previously dismissed that argument, and MOHELA said it wasn't involved in the case. This was in response to a lawsuit filed by Missouri and five other Republican-led states who argued the loan forgiveness would hurt the states' tax revenues, along with that of Missouri-based student-loan company MOHELA. "This unanticipated financial downturn will prevent or delay Missouri from funding higher education at its public colleges and universities."

☆ A major student-loan company just undermined the GOP-led lawsuit that temporarily halted Biden's debt cancellation
▼ + stars: | 2022-11-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Six GOP-led states said in a lawsuit that Biden's student-debt relief will hurt loan company MOHELA. "It is unconscionable that your company—as one of the largest student loan companies in the world—would be involved in overtly political efforts to rob millions of their right to student loan debt relief," Bush wrote in her October 18 letter. Any available funds above reasonable operating needs and reserves are devoted by MOHELA to student financial aid." Even with this new information, it's unclear when the 8th Circuit will make a decision on whether the debt relief can move forward. "MOHELA has cut the single thread this frivolous lawsuit was hanging by, Braxton Brewington, spokesperson for advocacy group the Debt Collective, said in a statement.

☆ Biden 'social cost of carbon' climate risk measure upheld by U.S. appeals court
▼ + stars: | 2022-10-21 | by ( Clark Mindock | ) www.reuters.com time to read: +2 min

The social cost of carbon metric is used in rulemaking processes and permitting decisions to calculate economic damages associated with a rise in greenhouse gas emissions from burning fossil fuels and other activities. The decision supports the Biden administration's argument that states cannot sue until federal agencies incorporate the metric into decisions. The Democratic Biden administration had determined the cost to be around $51 per metric ton of carbon dioxide emissions, quintuple the roughly $10 figure implemented under Trump, a Republican. The states argued in a lawsuit filed in Missouri federal court last year that the pricing system would lead to regulatory restrictions that would overburden farmers and manufacturers. Circuit Court of Appeals reversed that sweeping injunction, the U.S. Supreme Court in May affirmed.

☆ It is 'unconscionable' that a major student-loan company would be involved in lawsuits that would 'rob millions' of borrowers of Biden's debt cancellation, a Democratic lawmaker says. She wants answer
▼ + stars: | 2022-10-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Rep. Cori Bush requested information from student-loan company MOHELA on its involvement in a lawsuit. Six GOP-led states recently argued Biden's debt relief would hurt the business operations of MOHELA. "It is unconscionable that your company—as one of the largest student loan companies in the world—would be involved in overtly political efforts to rob millions of their right to student loan debt relief," Bush wrote. "To date, your company has remained silent about the legal efforts filed on your behalf to halt President Biden's student debt cancellation program. Does MOHELA support efforts to block debt relief in an effort to preserve its own profits?

Search resuls for: "Missouri Attorney General's"

8 mentions found