student loans

Use CRA to promote college savings

02/12/20

Proposed reforms to the Community Reinvestment Act focus on everything but bank products that promote higher education. It’s time to change that.

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How should banks view mounting household debt?

02/11/20

Depending on one's perspective, the surge in consumer borrowing is either a normal byproduct of a booming economy or a worrisome trend that portends a wave of delinquencies when the next downturn hits.

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House Dems to CFPB chief: Use the authority Congress gave you

02/06/20

Members of the House Financial Services Committee chastised Kathy Kraninger for not supervising student loan servicers and failing to examine firms for compliance with the Military Lending Act.

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Boardroom war at Credit Suisse; HSBC still looking for CEO

02/06/20

The bank’s top shareholders want the chairman to quit if he won’t support the CEO; HSBC expected to go forward with job cuts while searching for permanent boss.

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CFPB, Education Dept. sign MOU on student loan complaints

02/03/20

The two agencies said they will exchange student loan complaint data after their information-sharing efforts had been in limbo for over two years.

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Credit reporting bill passes House but faces long odds in Senate

01/30/20

No Republicans voted for the package of bills intended to overhaul the credit reporting system, casting doubt on its chances in the GOP-controlled Senate.

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Sallie Mae's foray into personal loans proves short-lived

01/24/20

The company best known for student lending expanded into personal lending less than two years ago. Now it says it is refocusing on core strategic priorities.

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Warren says she’d bypass Congress to cancel federal student debt

01/14/20

The proposal announced Tuesday is aimed at attracting younger voters.

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CRA overhaul may get messy; Student loans vulnerable in bankruptcy

01/09/20

Fed proposal is at odds with the one offered by the FDIC and OCC; judge wants to dispel the “myth” that student loans can’t be expunged in bankruptcy.

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Consumer Bankruptcy, Done Correctly, To Help Struggling Americans

01/07/20

Today, Senator Elizabeth Warren unveiled her new plan to reform the consumer bankruptcy system. The plan is simple, yet elegant. It is based on actual data and research (including some of my own with Consumer Bankruptcy Project co-investigators Slipster Bob Lawless, former Slipster, now Congresswoman Katie Porter, and former Slipster Debb Thorne).

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