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Attorney: Student Debt Crisis Could Spur New Lawsuits
Larry Eagel, partner at Bragar Eagel & Squire, P.C., talks with Bloomberg Law's Lee Pacchia about how the student debt crisis has opened up new opportunities for lawyers to represent borrowers burdened by their loans. Larry recently filed a case against a loan servicer for allegedly failing to apply a debtor's early payments on her student loans to her principal. Larry notes that while the worsening student debt problem has led to an increased interest among borrowers to bring claims against banks and servicers, it remains to be whether it will generate a significant wave of litigation.
