Tracking borrowing gets complicated when more lending is funded beyond banks and public markets.
Consumer debt headlines can be misleading; when adjusted for population, wages, and inflation, debt service remains manageable and below pre-2008 levels. Delinquency rates are rising in credit cards ...
A “faulty” transfer of student loan accounts from Nelnet to Mohela in 2023 led to “millions of consumer credit reporting errors,” lawmakers say in a new letter to government agencies reviewed by CNBC.
Millions of student loan borrowers are nearing a default cliff. According to federal data, there are about 6.5 million federal student loan recipients who are delinquent on their federal student loans ...
ROCHESTER, N.Y. – President Donald Trump has reversed a decision that could impact hundreds of thousands of Americans who defaulted on student loans. Initially, the Trump administration warned that ...
Editor's Note: Since this story has published on March 27, Julia Barnard announced on LinkedIn that she was reinstated as CFPB's student loan ombudsman. However, the future of the agency remains ...
The Zacks Consumer Loans industry continues to witness weakening asset quality. Also, though the Federal Reserve has started lowering rates, prospects of significant interest rate cuts are less on ...
CAN SAY NO. BUT I KNOW A GIRL. WELL, STUDENT LOAN BILLS ARE COMING DUE AND MANY BORROWERS ARE ALREADY FALLING BEHIND. MALLORY ANDERSON AND CONSUMER REPORTS HAVE WHAT YOU CAN DO RIGHT NOW TO ENSURE ...
If you’ve got federal student loans, there are some big changes you need to know about. Interest has started up again for millions of borrowers, and for many, the first step is figuring out where ...
There have been significant developments in the regulation of consumer loans across both the European Union and the United Kingdom in recent years. In response to evolving market dynamics, ...