Student lending

Citi CFO: Student loan market shows signs of overheating

04/20/17

Student loans are showing signs of growing too fast, perhaps the only market flashing a warning even as the economic recovery grows older, Citigroup Chief Financial Officer John Gerspach said.

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JPMorgan to sell $6.9 billion of student loans to Navient

04/19/17

JPMorgan Chase agreed to sell a $6.9 billion portfolio of student loans to Navient Corp., five days after the bank told shareholders it was looking to unload the holdings.

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'This is child's play': Comments of the week

04/14/17

Readers weigh in on a notable OCC personnel change, the Scottrade breach, the ability of corporate owners to still be anonymous and more.

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DeVos undoes Obama student loan protections

04/11/17

Education Secretary Betsy DeVos on Tuesday rolled back an Obama administration attempt to reform how student loan servicers collect debt.

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More evidence that rising student debt is bad for banks

04/03/17

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

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Crisis in student loan servicing is building

03/22/17

While there are inherent differences between student loan and mortgage servicing, recent claims against the largest student loan servicer echo the mortgage debacle.

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Why CommonBond's CEO says fintech charter could be a game changer

03/17/17

In a Q&A, CommonBond CEO David Klein discusses how an OCC charter might benefit customers by lowering the cost to run a student loan refinancing business.

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What (else) banks want from Washington

02/13/17

Financial firms are going on offense in Washington, pressing a policy agenda that would have been unimaginable just a few months ago. Some proposals, like reforming the Consumer Financial Protection Bureau, have been floated before while others began to gain traction after Republicans swept the November elections. Here's a look at some of the industry's requests.

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SoFi to sell student loans to small banks through Promontory

02/08/17

The San Francisco-based online lender will soon begin selling refinanced student loans through Promontory’s member network.

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Discover’s profit jumps 13% jump on surge in consumer lending

01/24/17

Strong loan growth was partially offset by rising delinquencies in its flagship credit card business, as well as in student and personal loans.

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