Links in “Student Loans”
- Back to School? Online Student Loan Calculator
New York Times has this student loan calculator on its website. [1/22/15]
- Industry Group Gives F to CFPB’s “Safe Student Account Scorecard”
CBA says the CFPB's information is based on an "antiquated study" that focuses on the wrongdoings of a single non-bank institution. [1/15/15]
- CFPB to Colleges: Do Your Homework
CFPB prods colleges to do a better job negotiating more student-friendly deals with banks that offer financial products to students. [1/15/15]
- Going Up: Student Loans, Auto Debt
Consumer borrowing rose to record levels in October, fueled largely by increases in auto and student loans. [1/9/15]
- Happy New Year! Now Pay Up
If you graduated last spring and had student debts, they are now due. The CFPB has outlined nine steps to assist those who owe debts. [12/30/14]
- Drop in Private Student Loan Delinquencies to Pre-Recession Levels
Report finds that early stage student loan delinquencies dropped to 2.4%, levels not seen since before the recession. [12/18/14]
- Decline in College Credit Card Agreements: A False Positive?
The CFPB has released its annual report detailing trends associated with college credit card agreements. While a 70% decline in the number of agreements since the 2009 disclosure requirement were passed may seem promising, the CFPB's findings indicate a shift to less regulated banking products. [12/16/14]
- CFPB Goes After Two Companies for Student Loan Debt Relief Practices
CFPB sues two companies for a range of infractions in their dealings with student loan recipients, from tricking consumers into paying upfront fees to access free federal loan benefits, implying an affiliation with the government, and charging consumers a monthly fee. More coverage here. [12/12/14]
- Treasury Deputy Secretary Raskin on Student Debt Crisis
Speech by Treasury Secretary Raskin at the National Consumer Law Center's Annual Consumer Rights Litigation Conference highlights the significant growth of student loans in default (7.1 million with a rise of 200,000 in the first six months of 2014), potential problems behind this rise, and efforts to try and resolve some of the issues. [11/7/14]
- CFPB Identifies Illegal Student Loan Practices
The CFPB has student loan servicers squarely in its sights as a result of a recent review where the agency found a host of illegal activities including servicers that divided payments among loans in order to maximize late payment fees, overstating the minimum payment due on periodic statements, failing to provide borrowers with accurate tax information and making illegal debt collection calls. [10/29/14]