Student Loan Refinance Bill Resurfaces

U.S. Sen. Sherrod Brown, D-Ohio, announced his ongoing co-sponsorship of legislation aimed at allowing people with outstanding student loan debt to refinance at the lower interest rates offered to new borrowers. The measure has resurfaced in the 114th Congress. Collection & Credit Risk

By |2015-03-25T03:22:40-05:00March 25th, 2015|FDCPA|Comments Off on Student Loan Refinance Bill Resurfaces

Lender Easily Sells Subprime Auto Loan Bundle

Despite turmoil in the auto loan market - delinquencies are up, more people are losing their cars to repossession - Santander Consumer USA still had few problems finding buyers last week for a bond deal consisting of auto loans to credit-troubled borrowers. Collection & Credit Risk

By |2015-03-17T00:25:32-05:00March 17th, 2015|FDCPA|Comments Off on Lender Easily Sells Subprime Auto Loan Bundle

NY Fed Team Tackles Student Loan Debt Impact

Student loan debt remains a pressing concern in the U.S. because of high balances and high rates of delinquencies and defaults. The issues have been discussed in recent blog posts by the Federal Reserve Bank of New York’s Liberty Street Economics team. Collection & Credit Risk

By |2017-05-20T11:45:11-05:00February 24th, 2015|FDCPA|Comments Off on NY Fed Team Tackles Student Loan Debt Impact

State AG Wants Loan Forgiveness from Embattled Corinthian

Massachusetts Attorney General Maura Healey has asked the Department of Education to forgive the school loans of hundreds of students from the state enrolled at Corinthian Colleges Inc., a for-profit company investigated by federal authorities for practices that left many students deeply in debt. Collection & Credit Risk

By |2015-02-18T14:42:26-06:00February 18th, 2015|FCRA|Comments Off on State AG Wants Loan Forgiveness from Embattled Corinthian

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

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