Despite the problems caused the lack of a state budget and the resulting disarray, Illinois has proven unwilling to wait for reform at the federal level, and has joined several other states considering laws that would protect student loan borrowers and heighten penalties against scammers targeting these individuals. With over $1.4 trillion in debt owed by approximately 44 million Americans and the Illinois Attorney General reporting that student borrower complaints have increased dramatically in the last several years, the new law would provide much needed protections.
Illinois is considering passing a Student Loan Bill of Rights law. This law would require loan servicers to obtain a license in the state, which would allow for greater oversight in the state. Additionally, a special ombudsman would be created to act on complaints that residents made. The law is aimed at preventing fraud and abuse from loan servicers.
The state Attorney General has noted that Illinois borrowers often have problems making their loan payments. Her office has received complaints from residents that loan servicers failed to inform them of affordable repayment options, to answer their questions in a consistent manner to follow borrower payment instructions. Due to the lack of information that many borrowers have from their loan servicers, scam artists may set up exploitative mechanisms that make false promises in exchange for large fees. The student loan crisis is being readily compared to the housing crisis.
If passed, the law would require loan servicers to properly process payments, to explain all of the repayment options available to borrowers and when borrowers may be able to get their loans forgiven. A number of more affordable options may be available to borrowers, such as deferment, forbearance, loan forgiveness or a repayment plan. Loan servicers would be prohibited from misleading borrowers.
Consumer fraud and protection lawyers may be able to assist individuals who are being defrauded by their creditors. They may pursue action on behalf of clients who receive harassing communications or who need debt relief. For more information on how consumer fraud and protection lawyers, contact us.
Ryan Bradley works with many Illinois and National Consumers to protect their rights from the grasp of big business.
The diabetes drug Invokana (Canagliflozin) could actually be more dangerous than helpful to patients. An initial study of the drug, the CANVAS clinical trials in 2009, concluded that it caused "major adverse cardiovascular events, including CV death".
Although Canagliflozin was approved by the FDA in 2013, many medical professionals had unanswered questions about its safety. A major concern was an elevated risk of stroke within the first thirty days of use.
Cardiologist Dr. William R. Hiatt, who voted against the FDA approval, said
"I feel that if you walk away with 100% voting to put it on the market, that sends a message to clinicians that this drug is okay. I'm not sure yet it's 100% okay, so I voted no."
Seconds Count is a patient education resource about cardiovascular health. The article entitled Diabetes and Cardiovascular Disease includes a 50 second video by Cardiologist Dr. Samir B. Pancholy. He shares why diabetes is a major risk factor for heart disease. He reveals that patients with diabetes have the same risk of having a heart attack as if they'd had one previously. This is called a coronary equivalent.
Diabetic Ketoacidosis (DKA) is a common complication associated with the drug Invokana. DKA's link to cardiovascular problems has been well-documented for many years, as shown in this medical journal article from 1995.
Considering all the pre-existing medical data available, it appears that the manufacturers of Invokana underreported its cardiovascular risks.
Have you or someone in your family suffered a heart attack or stroke after using Invokana? Personal injury lawsuits have been filed in many states, including Illinois.
Please contact us today to share your story with one of our experienced attorneys. You will be treated with respect. Your medical suffering is important to us. We want to help. 217-337-1400
Tom Koester has been representing those injured by defective drugs and devices for decades throughout Central Illinois and the entire Country.
Illinois Plaintiffs Lawyer Personal Injury Blog by Koester & Bradley, LLP
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Ryan R Bradley is a civil litigator based in Champaign County Illinois focused on representing plaintiffs in a variety of cases form medical malpractice to automobile accidents.