student loans

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

12/06/18

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

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

12/04/18

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.

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Pushing states to police student loans; Banks happy with Powell

11/29/18

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

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CFPB official who quit in anger opens new student loan watchdog

11/28/18

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.

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Warren lays into Navient CEO over Education Dept. audit

11/20/18

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

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

11/16/18

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.

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

10/29/18

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.

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More on PSLF fail

10/10/18

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.

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Another crisis is inevitable. What will cause it?

10/10/18

It's difficult to predict exactly what might be the next threat to the financial system. Here's a roundup of some prime suspects.

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Waters bill would reverse Mulvaney's deregulatory efforts at CFPB

10/02/18

The senior Democratic lawmaker said the CFPB chief and the Trump administration "are doing everything in their power to roll back consumer protections."

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