Loans Related Topics 
Account Recovery
NOVEMBER 19, 2024
The Consumer Financial Protection Bureau on Friday released its annual report on student loan servicing, revealing systemic failures and persistent errors by servicers that are continuing to impact millions of student borrowers. The CFPB is working to ensure there is greater accountability and improvements in the student loan system.”
Account Recovery
NOVEMBER 14, 2024
The Consumer Financial Protection Bureau yesterday released the results of a survey of individuals with student loans, offering insights into how debt relief programs and repayment challenges are affecting student loan borrowers across the United States.
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Account Recovery
AUGUST 30, 2024
million civil penalty against New Day Financial for deceiving veterans and active-duty servicemembers in connection with cash-out refinance loans. The CFPB’s findings indicate that this practice, which made the new loans appear cheaper than existing ones, affected over 3,000 borrowers. ” Learn more.
Account Recovery
OCTOBER 23, 2024
The Department of Education is making its student loan collection on-ramp a little longer, announcing that it will start reporting late or missed student loan payments to credit bureaus in early 2025, a delay from the originally planned start date this month.
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The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers.
Account Recovery
JUNE 14, 2024
With all the talk about medical debt this week as a result of the Consumer Financial Protection Bureau’s proposed medical debt credit reporting rule, it’s perhaps interesting to note that a majority of consumers feel forgiving medical debt is more important than forgiving student loan debt, according to the results of a new poll.
Account Recovery
SEPTEMBER 23, 2024
The California Department of Financial Protection and Innovation (DFPI) continues to flex its enforcement muscle, recently announcing actions against three student loan debt relief companies that will see them pay more than $260,000 in penalties and restitution. The enforcement actions require the companies to: The big picture: With 3.7
Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM
Many US banks are bracing for increased defaults and lower demand for mortgages and other loans as interest rates have increased. Global economic conditions are soft at best. From a budget standpoint, US banks are feeling the pinch. The largest banks have increased reserves to protect against deteriorating economic conditions.
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