student loan debt

Deal on TBTF rules; Warning on coin offerings

11/14/17

Bipartisan proposal would remove the SIFI label from more than two dozen banks; European regulator cautions investors on the risks as bitcoin price plunges.

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Defaults haunt nearly half of African-American student borrowers

10/11/17

Nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans, according to new data from the U.S. Department of Education.

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Why more millennials with student debt are qualifying for mortgages

10/06/17

A change in the formula that banks use to calculate borrowers’ debt-to-income ratios, announced by Fannie Mae in April, appears to be spurring more lending.

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First Republic using student debt refis to woo millennials

09/21/17

The San Francisco bank has pulled in 10,000 new households with loan products geared toward young professionals.

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CFPB orders private student loan trust and debt collector to pay $21.6M

09/18/17

The CFPB has ordered National Collegiate Student Loan Trusts and its debt collector, Transworld Systems, to pay at least $21.6 million.

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Recruit millennials by lending a hand with student debt

09/08/17

Given that an estimated 44 million Americans graduate with student loans, offering a repayment benefit could be worthwhile for banks trying to recruit millennial employees.

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‘All your stuff is compromised’: Comments of week

09/07/17

Readers opine on Square’s applying for an industrial loan company charter, the Federal Reserve’s role in faster payments, assumptions about operational security, and more.

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Debit cards, a trillion in debt, and millennials: What could go wrong?

09/04/17

It sounds like a crazy mix, but Fifth Third says its new app would help young consumers round up debit card purchases and apply the money to their burdensome student debts. The motivation to attract millennials is clear, but will it work?

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CFPB Seeks $183.5M from Aequitas Capital for aiding for-profit college

08/17/17

Regulators reach a $183.5 million deal Thursday to get debt relief to 41,000 students of bankrupt Corinthian Colleges.

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Fannie makes it easier for student loan borrowers to get mortgages

04/25/17

Fannie Mae has made three selling guide changes aimed at helping the growing number of borrowers with student debt qualify for home loans, and may begin testing other similar proposals related to this goal.

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