Student lending

Sallie Mae to pump tax savings into personal loans, credit cards


The nation's largest private student lender plans to use $30 million of its anticipated tax-cut windfall to speed up its diversification plan and strengthen its digital capabilities.


The trade-offs of growth at First Republic


Wealth management assets, deposits and fee income swelled at the San Francisco bank, but interest and noninterest costs rose along with them.


Banks compete for tech talent by helping on student loans


Helping young employees pay down student debt is a more meaningful benefit than pingpong tables at work or free beer.


N.J.'s nominee for banking commissioner supports public bank


Though Marlene Caride has no direct experience in the banking industry, she could play a key role in carrying out Governor-elect Phil Murphy’s pledge to create a public bank in the Garden State.


BankMobile deploys AI, alternative data to lend to FICO-poor students


BankMobile, the digital-only subsidiary of Customers Bank in Wyomissing, Pa., is planning to use software by Upstart to offer its first credit product to the students it reaches through relationships with 800 universities.


Double duty: Wells' retail chief Mary Mack to head consumer lending


The executive tasked with reshaping Wells Fargo's embattled retail banking unit will now also be responsible for mortgage, auto and student lending.


House Dems Cleaver, Jayapal urge student loan servicers to improve


The two Democratic lawmakers sent a letter Monday to the four largest servicing companies asking them to address borrower complaints.


Yellen hails continuity at Fed; online lending flops


Departing central bank chief says colleagues are committed to strict bank regulation; marketplace lending not living up to promises as delinquencies continue to rise.


This insurer turned student loan servicer in right spot, right time


ReliaMax is an unusual kind of marketplace lender that says it can help regional and community banks take advantage of business opportunities in private student lending.


There’s a gift for student lenders in the education bill


Introducing limits on federally guaranteed loans to graduate students, instead of letting them borrow whatever schools charge, would create a multibillion-dollar opportunity for private lenders.