student loans

What’s behind the rise in credit card delinquencies

05/14/19

It’s no coincidence that with more than half of consumers ages 20 to 29 now holding credit cards — up from 41% in 2012 — 90-day delinquency rates are at a seven-year high, according to the New York Fed.

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U.S. stepping up enforcement of delinquent student loans

05/13/19

The U.S. government stepped up collections on delinquent student debt to $2.9 billion last year — or an average of $1,000 from 2.9 million former students and their cosigners, according to the Treasury Department.

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Bramson gets his moment; Where Deutsche-Commerzbank talks went wrong

05/02/19

Activist concedes he doesn't have the votes to join Barclays' board; How an "inevitable" deal fell through and where the banks go from here.

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CFPB fines student loan servicer $3.9 million for unfair practices

05/01/19

Conduent Education Services has agreed to pay $3.9 million to the CFPB for failing to provide accurate account balances on more than 200,000 student loans.

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Middle Class Homeowners Are the Biggest Winners from Student Loan Forgiveness

04/29/19

A lot of the criticism of Senator Elizabeth Warren’s student loan forgiveness proposal has focused on how it's not fair to give loan forgiveness to current borrowers when past borrowers repaid their debts.  That criticism overlooks the enormous boost Senator Warren's proposal would give to the real estate market.

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The Student Loan Tax

04/29/19

Democrats’ policy proposals have sparked a vital and overdue debate on our system to pay for post-secondary education, and how that system burdens and redistributes income. The existing system combines a small share of taxpayer funding (via the Pell Grant) with a large share from the student loan tax. The student loan tax requires the students themselves to pay a percentage of their income for 20 to 25 years, collected not by the IRS but by private contractors for the US Education Department.

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Broad-based loan growth drives higher profits at Discover

04/25/19

The company's credit card business has been outpacing industry-wide loan growth. In the first quarter, results were also aided by higher loan yields.

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Most steer clear of in-school loans. This fintech wants in

04/25/19

Earnest hopes offering a streamlined process can help it thrive in a risky niche.

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Navient moves to compete with former parent Sallie Mae

04/24/19

The Wilmington, Del., company's new product relies on technology developed by Earnest, a startup that it acquired in 2017.

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