student loans

'Jump right in, the shark infested water is just fine': Comments of the week


Readers sound off on fintechs entering the student loan market, the FDIC’s brokered deposit rules and a heated debate over the new CFPB leader.


Blockchain hype, Mulvaney's BCFP, pot banking: Top stories of the week


Blockchain backers concede the hype is turning off bankers; Mulvaney's CFPB name change could cost industry millions of dollars; the one banking bill Congress might actually pass next term; and more from this week's most-read stories.


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.


CommonBond braces for shift to Gen Z in buying student-coaching fintech


The online lender has acquired NextGenVest, which uses AI and text messaging to advise high school and college students about getting loans. CommonBond’s goal is to better understand the distinctly different demographic group rising behind millennials.


Pushing states to police student loans; Banks happy with Powell


Three former CFPB officials seek more enforcement against lenders; Federal Reserve interest rates hikes have boosted bank profits.


CFPB official who quit in anger opens new student loan watchdog


Seth Frotman oversaw the $1.5 trillion student loan market for the Trump administration. Now he's starting his own watchdog group to do what he says the government won't, and he's poaching former colleagues to do it.


Warren lays into Navient CEO over Education Dept. audit


The Massachusetts senator said the government’s findings bolster allegations that the servicer steered borrowers into expensive student loan forbearance plans.


Millennials don't need cars? Their debt loads say otherwise


Adults ages 18 to 29 may have a hard time getting a mortgage, but they are not shying away from other forms of consumer debt, according to a report by the New York Fed.


FTC puts student lenders on notice by citing misleading ads at SoFi


The Federal Trade Commission, which issued a formal complaint against SoFi, is urging other lenders to review their advertisements for false claims about the benefits of refinancing.


More on PSLF fail


The US Education Department is assigning the complex task of monitoring the employment and the on-time payments of Public Service Loan Forgiveness aspirants to its worst-performing servicer. USED has contracted with servicing company FedLoan, affiliate of the Pennsylvania Higher Education Assistance Agency (PHEAA), to administer the Public Service Loan Forgiveness program. PHEAA/FedLoan has performed its contract obligations poorly.