Student lending

What’s driving the push for more public banks?

03/25/18

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 suppliers and distributors.

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Citi defends Kushner loan; two regionals back CommonBond

03/22/18

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.

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College students pay for spring break with student loans

03/22/18

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

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Two banks take equity stakes in online student lender CommonBond

03/21/18

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

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Wells asked to stay off campus; banks want bigger student loan share

03/08/18

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.

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SoFi's new CEO says bank charter remains an option

02/26/18

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.

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Mortgage balances surge, but gains are uneven

02/13/18

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.

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The warning signs in consumer credit data

02/11/18

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?

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SoFi buys teams from mortgage startup Clara to boost offerings

01/26/18

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.

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Five challenges facing SoFi's new CEO

01/23/18

Stepping in after co-founder Mike Cagney's resignation, Anthony Noto needs to overhaul the firm's corporate culture, lay the groundwork for an IPO and determine whether to renew SoFi's pursuit of a bank charter.

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