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According to the CFPB, “A number of the financial debt collectors, who work below contracts from the Education Office and weren’t discovered via the CFPB, threatened borrowers with lawsuits Regardless that that they had no intention of suing. Some utilized phone scripts and letters that misled borrowers about the advantages of repaying their defaulted federal college student financial loans. Misleading borrowers about their debts is generally unlawful beneath the Truthful Financial debt Collection Procedures Act.”
On Tuesday, Yellow sued the Intercontinental Brotherhood of Teamsters for blocking the organization’s restructuring plan and accused the union of resulting in a lot more than $137 million in damages.
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Within the lawsuit, Yellow said that it experienced sought the Biden administration’s support in brokering a offer to save lots of the corporate but the White Residence’s initiatives have been rebuffed with the union.
When hailed by former President Donald J. Trump for preserving producing Positions, the company struggled by using a number of growth setbacks and Repeated administration modifications, and managed to make and provide only a handful of vans.
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