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Video: Will Congress Garnish Paychecks to Repay Student Loans?

Posted Dec 6, 2012 2:47 PM CDT

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Editor's Note: We're experimenting with using more video on ABAJournal.com and will be bringing you this short weekly legal news brief from Bloomberg Law for the next few weeks. Thanks for the feedback so far. Please note that adding video would not mean eliminating text-based stories. Rather, we're exploring adding more multimedia options in addition to our text-based posts. Also, in response to the feedback, there is a summary included with the video.

Summary of Bloomberg Law's Lee Pacchia's legal news picks of the week:

A proposal in Congress could mean big changes to the way debtors pay back student loans. Wisconsin Congressman Tom Petri wants companies to automatically deduct student loan repayments from employees' checks—just like the IRS does with your taxes. Also, new national banking regulations from around the world are starting to cause big banks to think twice about expanding their global operations. Finally, a new study has come out ranking BigLaw firms by value. Guess who came out on top.

Also see:

US Lawmaker Is Crafting Plan to Withhold Student Loan Payments from Paychecks, Just Like Income Tax

Kirkland Is World’s Most Valuable Law Firm, According to New Calculation

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