S.F. Home Loan Bank President Plans to Retire Next Year
WASHINGTON — Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday. News
Lenders Challenge Premise of CFPB’s Student Loan Findings
WASHINGTON To hear the Consumer Financial Protection Bureau tell it, the private student loan market is a mess, filled with angry borrowers many of whom claim to have been taken advantage of by banks and servicers. Collection & Credit Risk
Student Loan Balances Rise, Other Debts Fall: Experian
The rising student loan debt is inconsistent with trends for other U.S. consumer debt categories, according to analysis by Experian. Collection & Credit Risk
No Subprime Auto Bubble as Loan Growth Continues, Report
While year-to-date auto loan growth rates have slowed compared to last year, totals for new credit and the number of new loans originated for auto purchases are at record highest, according to the latest Equifax National Consumer Credit Trends Report. Collection & Credit Risk
Student Loan Debtors Need a Light at the End of the Tunnel
Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient. Collection & Credit Risk
Student Loan Debt Growth Could Ease
Student loan debt totals a record $ 1.2 trillion but the rampant growth could slow as the strengthening economy reduces the number of new loans, Deputy Treasury Secretary Sarah Bloom Raskin said Monday. Collection & Credit Risk
Student Loan Default Rate Declines
Federal student loan defaults fell for the first time in several years but stayed far above levels reported before the recession, and there are questions about how the rates are calculated. Collection & Credit Risk
Kentucky Lawmaker Proposes Payday Loan Limits
Kentucky State Sen. Reggie Thomas, D-Lexington, pre-filed a bill with the Kentucky General Assembly to cap the amount of interest charged by payday loan lenders. Collection & Credit Risk
Warren Vows to Keep Pushing for Blocked Student Loan Bill
Sen. Elizabeth Warren (D-Mass.) promised Wednesday to keep pushing for student loan legislation after a bill allowing borrowers to refinance their debts failed to come up for a vote this week. Collection & Credit Risk
Auto Loan Delinquency Rates, Debts Accelerate: Report
Auto loan delinquency rates rose more than 9% in the second quarter ended June 30 versus the same period last year while auto loan debts rose for the 13th straight quarter, according to TransUnion. Collection & Credit Risk
