Seeking answers for struggling student loan borrowers

Thousands of borrowers have told us their stories on how they manage tough times with their student loans. Some students ended up borrowing much more than they expected in order to complete their degree, often because a parent lost a job in the midst of the financial crisis. Others had a tough time finding a [...]

By |2017-05-20T11:45:13-05:00January 30th, 2015|FDCPA|Comments Off on Seeking answers for struggling student loan borrowers

Nearly half of mortgage borrowers don’t shop around when they buy a home

Buying a home is a big purchase, but it’s just that: a purchase. When it comes to spending money on our daily expenses, we have lots of options to help us find the best deal possible. Take, for example, digital gadgets. To get a good deal you can search for sales, find coupon codes, and [...]

By |2017-05-20T11:45:13-05:00January 13th, 2015|News|Comments Off on Nearly half of mortgage borrowers don’t shop around when they buy a home

Struggling private student loan borrowers are still searching for help

In the years leading up to the financial crisis, many of the same subprime lending practices that led to troubles in the mortgage market also existed in the private student loan market. Like the homeowners who turned to their mortgage servicer to modify their loans but ran into customer service dead ends, lost paperwork and [...]

By |2017-05-20T11:45:18-05:00October 17th, 2014|News|Comments Off on Struggling private student loan borrowers are still searching for help

National City Bank settlement administrator will contact eligible borrowers soon

Last year, together with the Department of Justice, we filed a complaint against National City Bank (National City) for discriminating in mortgage loan pricing. The complaint alleged that National City charged African-American and Hispanic borrowers higher prices on their mortgage loans than similarly-situated white borrowers between 2002 and 2008. The parties agreed on a settlement, [...]

By |2017-05-20T11:45:26-05:00September 20th, 2014|News|Comments Off on National City Bank settlement administrator will contact eligible borrowers soon

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