News Topic: Student lending

Jack Remondi issued a direct call Wednesday for the agency to drop its lawsuit against the student loan servicer. “You’ve had five years to look for your evidence, you’ve found none,” he said. ... Read full article

Virginia National will set aside up to $950,000 to cover losses after ReliaMax, a firm that issues surety bonds for student loans, was placed into liquidation. ... Read full article

FutureFuel.io CEO Laurel Taylor and Edmit.me CEO Nick Ducoff discuss approaches to helping students repay their loans and make good debt decisions. ... Read full article

Senate Democrats want acting CFPB Director Mick Mulvaney to explain why the agency is no longer policing student loan lenders and servicers. ... Read full article

Acting CFPB Director Mick Mulvaney has dropped agency plans to crack down on overdraft programs and large marketplace lenders. Here's what else he's changing. ... Read full article

Artificial intelligence will reshape the job landscape at banks; people still want to open accounts at a branch; Mick Mulvaney stacks CFPB bench with political appointees; and more from this week's most-read stories. ... Read full article

The bank said it kept fee rebates that should have gone to a small pension fund; some women say the company “bro” culture hinders their advancement. ... Read full article

The CFPB's acting director announced new political hires and more plans to overhaul the agency in an email Wednesday. ... Read full article

Gill, who spent 14 years at Goldman, will fill a role that has been vacant since last summer at SoFi. ... Read full article

Only North Dakota has its own state-owned bank, but policymakers in other states say more public banks are necessary to fully meet society's needs. Among those who proponents say would benefit the most: small-business owners and legal marijuana ... Read full article

Are American college students using their student loan dollars wisely? A LendEDU study explored how those funds are spent. ... Read full article

The bank says CEO had no input into $325 million loan to Trump's son-in-law; Fifth Third, First Republic take equity stake in online student loan lender. ... Read full article

Fifth Third and First Republic are among the investors in the company’s $50 million equity round. ... Read full article

Sen. Durbin wants the bank to ease its college marketing efforts; the Consumer Bankers Association wants the government to make more room for private lenders. ... Read full article

In an interview during his first day on the job, Anthony Noto also spoke about improving the firm's culture and the prospects for an IPO. ... Read full article

In some states, total mortgages outstanding are at all-time highs, but in others hard hit by the financial crisis they remain well below their 2008 peaks, the New York Fed said Tuesday in its quarterly report on household debt. ... Read full article

U.S. consumers are borrowing more than ever to buy homes and cars, pay for college and even finance every day purchases. Is it a display of confidence in the U.S. economy or are many households living far beyond their means? ... Read full article

Social Finance has acquired the engineering and product teams of mortgage startup Clara Lending, bolstering the financial technology company's offerings beyond student-loan refinancing, according to people familiar with the matter. ... Read full article