True Accord

MAY 15, 2025

Youve seen the headlines the federal government last week resumed collecting defaulted student loan payments from millions of people for the first time since the start of the pandemic. How did we get to this point where so many people with student loans are unable to make payments on them? for non-student loan holders.

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Student loans Student Loans Loans Collections 52

Account Recovery

JULY 12, 2021

CANCELS MORE LOANS FOR MISLED STUDENTS The Department of Education on Friday announced it was canceling an additional $56 million in student loans for 1,800 individuals who were misled by three different for-profit institutions about their employment and salary prospects and the transferability of credits from the schools to other institutions.

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Loans Student loans Student Loans Banks 233

Account Recovery

MARCH 19, 2024

One of the nation’s largest servicers of student loans is being called before the Senate Banking Committee for a hearing about its performance, following a report that was critical of the servicer’s efforts.

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Student loans Student Loans Loans Banks 130

Account Recovery

MARCH 14, 2024

While still a few months off on the horizon, the date on which individuals with unpaid student loans may start seeing their paychecks and bank accounts garnished is approaching.

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Student loans Student Loans Garnishment Education 130

Nerd Wallet

OCTOBER 19, 2020

Bank student loans are no longer available. Bank loans or take out new student loans from other banks, as well as credit unions and online lenders. When shopping for any private student loan, compare multiple lenders’ offers to ensure you get the lowest interest rate possible.

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Student loans Student Loans Banks Loans 81

Consumer Finance

JUNE 8, 2022

Today the Consumer Financial Protection Bureau (CFPB) took action against the owner of a student-loan debt relief company for allegedly withdrawing hundreds of thousands of dollars from student borrowers’ bank accounts, without authorization. The CFPB alleges that Frank Gebase, Jr.

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Student loans Student Loans Loans Banks 110

True Accord

JANUARY 21, 2025

Meanwhile, millions of Americans may see significant changes to their credit reports in the coming months if they have either unpaid medical bills or student loans, but the effects of each are opposite. for this year, increased to 3.0% at the three-year horizon, and declined to 2.7% at the five-year horizon.

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Student loans Student Loans Credit Card Debt Financial Institution 104

Nerd Wallet

FEBRUARY 12, 2021

You can consolidate private student loan debt, but the process is usually referred to as refinancing. Student loan refinancing is a financial move you make to combine all of your existing loans with a new rate and loan term. You can refinance through a private credit union, bank or online lender.

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Student loans Student Loans Loans Credit Unions 93

Consumer Finance

DECEMBER 21, 2020

On December 22, 2020, the Consumer Financial Protection Bureau issued a consent order against Discover Bank, The Student Loan Corporation, and Discover Products, Inc. based on violations of a prior Bureau order, the Electronic Fund Transfer Act, and the Consumer Financial Protection Act of 2010.

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Student loans Student Loans Loans Banks 95

Credit Corp

MARCH 21, 2023

million Americans have student loan debt, which totals over $1.7 If you owe tens of thousands of dollars in student loan debt, you’re not alone. million Americans have some form of federal or private student loan debt. Table of contents: Average student loan debt How many Americans have student loan debt?

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Student loans Student Loans Loans Education 98

Nexa Collect

JUNE 27, 2023

Recovering unpaid student loans is a systematic process. Just like mortgage recoveries, the steps can vary depending on the jurisdiction and the terms of the loan. Offset Tax Refunds and Government Benefits : For federal student loans in the U.S.,

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Student loans Student Loans Loans Garnishment 100

Credit Corp

SEPTEMBER 27, 2021

Almost 70% of students in North America take out student loans. Many students can’t afford post-secondary education without financial help. Loans are scary, and come with lots of disadvantages. Don’t fear, because we will be covering the most frequent student loan mistakes. Abusing Your Loan.

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Student loans Student Loans Loans Education 81

Account Recovery

SEPTEMBER 18, 2023

Judge Denies Defendant’s MSJ in FDCPA Case, Rules Bank Levy Confers Standing CFPB to Seek Public Input on New Arbitration Rule Following Petition from Consumer Groups Examining the Impact that Restarting Student Loan Payments Will have on the Economy Compliance Digest – September 18 WORTH NOTHING: Chefs reveal their favorite after-school snacks for (..)

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Student Loans Student loans Banks Loans 147

True Accord

OCTOBER 10, 2023

Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. banking system seems sound, inflation remains elevated. After three years of relief from payments on $1.6 a year ago.

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Student loans Student Loans Loans Personal loans 110

True Accord

OCTOBER 22, 2024

The delinquency rate for mortgage loans increased to a seasonally adjusted rate of 3.97% at the end of Q2, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey, an increase that corresponded with a rise in unemployment and showed up across all product types.

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Student loans Student Loans Loans Retail 111

True Accord

APRIL 28, 2025

The next meeting is on May 6 and while many still expect two rate cuts this year, the outcome will reflect the banks outlook given the new landscape of tariffs and their anticipated impact on inflation. increase in delinquent student loan balances, a 16.28% increase for first mortgages and a 4% increase for bankcard balances.

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Student loans Student Loans Loans Collections 89

Better Credit Blog

JUNE 1, 2022

When your scholarships, grants, and federal student loans aren’t enough to cover the cost of college, it may be time to turn to a private lender. Private student loans can help you bear the weight of tuition. The key to finding the right student loan with the lowest rates and best terms is to shop around.

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Student loans Student Loans Loans Lender 72

Better Credit Blog

JUNE 1, 2022

In those cases, student loans can be a valuable resource. If you’re looking for a loan to help fund your education, you have plenty of options. Read on to learn which types of student loan might work best for you. Table of Contents: Federal Student Loans. Private Student Loans.

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Student loans Student Loans Loans Lender 71

Account Recovery

JUNE 6, 2024

Getting to Know Lynne Vellucci of Certified Solutions NJ Appeals Court Affirms Dismissal of Hunstein Suit Navient Program to Cancel Student Loan Debt Gets Put in Spotlight Consumers, Advocates to Get Say in CFPB’s Open Banking Standard Capio Launches Recoveri: A Revolutionary Approach to Medical Debt Resolution WORTH NOTING: A woman is claiming to (..)

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Student Loans Student loans Banks Loans 147

Better Credit Blog

MAY 11, 2022

million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. Refinancing your student loans could help lower your monthly payments and reduce your overall repayment amount. Additionally, look at our best student loan companies to apply completely online.

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Student loans Student Loans Loans Lender 71

Credit Corp

APRIL 5, 2021

Student loans get a bit of a bad rep in the news related to the amount of debt they cause. But if you’re looking to advance your career with a necessary degree, student loans might offer a way to pay for your education so you can improve your future. So how do student loans work? Consolidation loans.

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Student loans Student Loans Loans Education 64

Nerd Wallet

OCTOBER 23, 2020

Capital One does not offer student loans. If you need a private student loan for college or want to refinance your existing loans, you’ll have to look elsewhere. Few banks offer student loans. The article Does Capital One Offer Student Loans? Capital One.

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Student loans Student Loans Loans Banks 53

Credit Corp

JULY 25, 2021

The Prime Rate Good Mortgage Interest Rates Good Car Loan Interest Rates Good Credit Card Interest Rates Good Personal Loan Interest Rates Good Student Loan Interest Rates. This rate is largely determined by the federal funds rate, which is the rate banks charge each other. Interest Rates for Federal Student Loans.

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Debt Guru

JANUARY 27, 2020

Be sure to update your bank if your address or phone number changes. During the first 15 days of delinquency, your loan holder is required to send you a written notice of your late status. If you have several student loans, or a student loan plus other kinds of debt, look into consolidating them all into one large loan.

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Student loans Student Loans Loans Lender 64

Troutman Sanders

SEPTEMBER 12, 2022

On August 30, the California Department of Financial Protection and Innovation (CA DFPI) published a notice of rulemaking action, proposing amendments to the Student Loan Servicing Act. In the last five years, education financing products, such as income share agreements and installment contracts, have emerged.

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Student loans Student Loans Loans Education 52

Troutman Sanders

JULY 12, 2023

On June 14, Nevada Governor Joe Lombardo signed into law AB 332 , An Act Relating to Student Education Loans, requiring, among other things, student loan servicers to be licensed by the Commissioner of Financial Institutions and regulating certain conduct of the servicers towards borrowers.

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Student loans Student Loans Loans Credit Unions 52

Nerd Wallet

FEBRUARY 11, 2022

When Alli Williams married her husband in 2019, she knew she would be marrying into about $150,000 of student loan debt. Now, a few years later, she and her husband have gotten on the same financial page with their budgets and bank accounts, and they’ve paid off not only his student loans but also their.

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Student Loans Student loans Banks Loans 92

True Accord

MARCH 5, 2024

Bottom line: households took on more debt at the end of last year and we’re seeing loans increasingly going bad, according to data from the Federal Reserve Bank of New York , leading to a shift in consumer spending for 2024. million borrowers missed their student loan payment, equating to 40% of loan holders.

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Consumer Credit Student loans Student Loans Collections 114

Credit Corp

AUGUST 4, 2020

Student loans, including private and federal loans , are also commonly used to fund college. If you’re ready to find the right loan for you and your unique financial situation, we’ve got you covered. If you’re ready to find the right loan for you and your unique financial situation, we’ve got you covered.

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Loans Student loans Student Loans Government 96

Troutman Sanders

MARCH 8, 2023

As reported here , on September 9, 2022, the California Department of Financial Protection and Innovation (CA DFPI) published a notice of rulemaking action, proposing amendments to the Student Loan Servicing Act. The proposed rules also define terms used in the rules relating to education financing products.

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Student loans Student Loans Loans Education 52

True Accord

APRIL 5, 2023

25% despite concerns around the turmoil that has shaken the banking system , landing it at 4.75-5%. According to the Federal Reserve Bank of New York, U.S. The student loan forgiveness debate continues into 2023 as the nearly 19% of Americans with student loans wait to see how the case shakes out with the Supreme Court.

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Student loans Student Loans Credit Card Debt Loans 119

Collection Industry News

MAY 22, 2024

Last week, the average interest rate on 10-year fixed-rate private student loans increased. Overall, rates remain fairly low, making private student loan a worthwhile option for borrowers looking to make up a gap in college funding. The interest rates on federal student loans are generally lower.

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Student loans Student Loans Loans Lender 40

Collection Industry News

JUNE 20, 2022

On June 9, the CFPB filed a complaint and proposed order in California federal district court seeking final judgment against the owner of a student loan debt relief company for allegedly withdrawing more than $240,000 from the bank accounts of student borrowers without authorization.

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Student loans Student Loans Loans Banks 40

Collection Industry News

SEPTEMBER 19, 2022

On August 30, the Commissioner of the California DFPI issued a notice of rulemaking proposing new regulations and amendments to current regulations implementing the state’s student loan servicing laws. revising certain existing regulations to remove requirements deemed unnecessary to reduce regulatory burden on student loan servicers.

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Student loans Student Loans Loans Education 40

Credit Corp

MAY 19, 2021

The organization also warns that nobody will call you and ask you for your Social Security number, bank account numbers, or credit card numbers. Student Loan Scams. trillion in student loan debt , so it’s no wonder that scammers are preying on this financially vulnerable population. How to Protect Yourself.

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Credit Corp

SEPTEMBER 16, 2020

Credit builder loans aren’t great if you need the money now—since you need to pay off the loan before you can actually access the funds—but if you have time to build up your credit, they’re a great place to start. Passbook or CD Loans. Interest rates are typically much lower than credit cards or unsecured personal loans as well.

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Student loans Student Loans Personal loans Loans 105

Sawin & Shea

SEPTEMBER 14, 2022

Some examples of consumer debt include: Personal credit card debt Store financing Home mortgages Rental furniture Personal lines of credit and bank loans Vehicle leases, which can include cars, planes, boats, and more Cosmetic-based medical debt Family or personal legal fees. Are Student Loans Consumer or Non-Consumer Debts?

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