Student loan ABS

Navient seeks to narrow CFPB’s student loan servicing lawsuit


The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence.


Fintechs look to fill void in private student lending left by banks


Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.


Teachers union sues Navient over public service student loan forgiveness


A two-year-old lawsuit by the CFPB may be languishing, but nine members of the Teachers Federation of America sued the student loan servicing giant alleging that it misled borrowers in public service professions in order to line its pockets.


Students leaving money on table in not using government loans: Report


The report from an advocacy group that focuses on college affordability says that schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from banks and other private-sector lenders.


CFPB's student loan ombudsman resigns in scathing letter to Mulvaney


Seth Frotman, whose student lending unit had been gutted in May, said the bureau's current leadership "has abandoned its duty to fairly and robustly enforce the law.”


Wells Fargo can upend student refis, but will it?


Cheap funding and marketing muscle could give it an advantage over existing lenders, but this corner of the market may not be big enough to move the needle for the bank.


Student loan servicing giant seeks industrial bank charter


Nelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans.


College students pay for spring break with student loans


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


Reports of Libor’s demise have been greatly exaggerated


Timothy Bowler, president of the ICE Benchmark Administration, which has been responsible for calculating the index since mid-2013, argues that there is a strong case for keeping it going.


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.