student loans

Deleveraging is over

02/26/19

An unsustainable run-up in consumer housing debt and other debt was a fundamental structural cause of the 2008 global financial cScreen Shot 2019-02-26 at 11.59.42 AM

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Household debt hit another all-time high. Is it poised to level off?

02/19/19

While student, auto and credit card balances are at or near record levels, housing debt is shrinking, credit quality is weakening a bit and lending standards, at least in some sectors, are tightening.

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Navient stock rises as Canyon says it could boost rejected buyout bid

02/19/19

Navient Corp. shares surged after Canyon Capital Advisors said it could boost a $3.1 billion takeover offer that was rejected by the student-loan servicer.

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SoFi plans new lending products and move Into stock trading

02/15/19

The company's expansion into new business lines could help offset recent declines in loan volume.

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Student Loan Servicing Fail (continued)

02/14/19

The U.S. Education Department is doing a lousy job of overseeing the private companies servicing $1.1 TRILLION of federal student loans. That is the gist of the Inspector General's findings in a new report. Among other problems, the IG found that servicers were not telling borrowers about available repayment options, and were miscalculating income-based repayment amounts.

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CommonBond gets $750 million in lending funds from top banks

02/14/19

Barclays, BMO, Citibank, Goldman Sachs and ING contributed to the online student lender, which last year made over $1 billion in loans.

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Navient seeks to narrow CFPB’s student loan servicing lawsuit

01/18/19

The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence.

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Warren presses Wells Fargo on student fees

01/17/19

A CFPB report revealed that the fees charged to college students by Wells Fargo for financial products are three times higher than average. Sen. Warren wants to know why.

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KeyCorp to buy digital platform from Conn. community bank

01/17/19

The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.

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CommonBond braces for bumpy 2019 by laying off 18% of staff

01/16/19

The online student lender said it is reallocating some jobs and "sunsetting" others.

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