Christina Ellis
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It's true.
He is 92.
He's a player.
They haven't ruled yet.
You've been calling it.
With all the profits you make from your crappy stuff.
Well, now they're getting into the student loan fight.
There's an article that said SoFi Bank sues to block Biden's student loan payment pause.
So this is another lawsuit, y'all.
And it's not even just to stop the program.
It's to stop the pause.
The article says a private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing the moratorium has no legal basis and has cost the bank, known for its refinancing business, millions of dollars in profits.
That just makes me want to throw up a little bit right there.
Their motivation, obviously, is so pure.
It says in the federal lawsuit filed Friday in Washington, SoFi Bank asked a federal judge to overturn President Joe Biden's latest extension on the payment pause.
Student loan payments were first halted at the start of the pandemic by President Trump.
The pause has been extended eight times over the last three years.
The bank says its federal student loan refinancing business has suffered because borrowers have little incentive to refinance while payments and interest are on hold.
At a minimum, the lawsuit asks a judge to limit the pause only to borrowers who are eligible for the Biden cancellation plan.
biden's latest extension which was announced in november and could stretch as far as this summer is unlawful on multiple grounds the lawsuit claims the plan is currently being challenged in the supreme court which is expected to rule by june