Links in “Student Loans”
- Reading Between the CFPB’s Lines on Handling Extra Payments on Student Loans
The CFPB's findings of its survey of private student loan servicers on how extra payments from borrowers in excess of the minimum payment are applied suggests that it may raise Truth-in-Lending issues if excess amounts aren't applied to loans with the highest interest rates. [2/5]
- Are Student Loan Complaint Numbers Exaggerated?
CFPB advises House committee that it has received "thousands" of student loan complaints, but digging into the data reveals the number is less than 6,000, compared to nearly 40 million borrowers, which comes out to about 154 complaints for every million borrowers.
- NCUA Focus for 2014: Private Student Lending
Post recaps NCUA focus on private student lending in 2014. [1/27]
- “Graph of the Year” Compares Student Debt to Median Income of College Grads
Washington Post's "Wonkblog" names Peter Thiel's simple two-line chart as graph of the year. [1/16]
- CFPB to Private Student Loan Lenders: Expand Refinancings
CFPB's leadership met with private student loan lenders last week to encourage them to do more to expand refinancing opportunities for troubled student loan borrowers. [1/14]
- NCUA Exam Priorities for 2014
NCUA Chair Debbie Matz identifies cyber security threats, interest rate risk, private student loans, and money services business as top examination concerns for 2014. [1/13]
- Interest Rate Risk Among Top Areas of NCUA Focus for 2014
Other areas the agency announces it will focus on in 2014 include cybersecurity threats, money services businesses, and private student lending. [1/13]
- Student Loan Write-offs Jump
The jump in write-offs comes as more lenders exit the market due to federal changes and is a sign that a mounting student debt crisis has begun to hurt lenders. [1/2]
- Give It the New College Try and Be Transparent
CARD Act's impact on issuers of credit cards to students reflected in key stats: fewer college card agreements (-41%), less pay to colleges and universities (-40%), fewer new college accounts opened (-18%). More calls for transparency between card issuers and higher education recipients who promote. [12/19]
- NCUA Issues Supervisory Guidance on Private Student Loans
NCUA has issued Supervisory Letter 13-CU-15 to provide guidance to its field staff about examining private student loans. The letter identifies the benefits of private student loans and also identifies the risks associated with this specialized type of lending. If you offer private student loans or are thinking about offering private student loans, this letter provides valuable insight into how these programs will be reviewed. [12/10]
