Your thoughts on private student loans
The Consumer Bureau has been busy when it comes to student loans. We worked with the Department of Education to launch our Know Before You Owe: Student...
The Consumer Bureau has been busy when it comes to student loans. We worked with the Department of Education to launch our Know Before You Owe: Student...
Industry Inquiry Reveals Problems for Consumers Seeking to Prevent Auto-Defaults Today the Bureau Student Loan Ombudsman released a report finding high...
For millions of Americans, student loans have opened doors to a college degree— offering new opportunities to create a better life. But the rapid growth of...
Today the Bureau Student Loan Ombudsman released a report highlighting complaints of "auto-defaults" in private student lending. Borrowers report that some...
The report describes bankruptcy trends in the years including the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) and the Great Recession.
Majority of Auto Title Loan Business Comes From Borrowers Stuck In Debt for Most of the Year.
ITT Students: Learn more about your options and what to do with your student loans when your school shuts down.
Harry noticed that his son Ari, a servicemember, was struggling with his car loan, so he reached out to the Bureau. His story led to our investigation into...
The Bureau issued a rule today that allows the Bureau to supervise certain nonbank student loan servicers for the first time. The rule brings new oversight...
Here are some answers to your questions about the changes in federal student loan interest rates that are scheduled to take effect on July 1.
Find options for your private student loan situation, whether you’re in default, need help managing payments, or have questions for your loan servicer.
On July 12, 2022, the Bureau filed a lawsuit in the U.S. District Court for the Northern District of Texas against Populus Financial Group, Inc., which does business as ACE Cash Express, Inc. (“ACE”).
Many federal student loan borrowers will have their loans transferred to a new servicer. If your loans are currently being serviced by FedLoan Servicing or Granite State, this article can help you prepare for the transition to a new servicer.
Examiners Also Uncover Violations of Mortgage Servicing Laws The Bureau today issued a report highlighting illegal actions uncovered by the Bureau's...
This action is the result of a multi-part federal investigation which found that at every stage of the consumer experience, from marketing to enrollment to...
Before choosing to take out a payday loan, think about the costs you will pay, whether you want to borrow, and how you will pay back the loan.
Tips from the CFPB. 9 financial issues people affected by a natural disaster have experienced. Plus, tips and resources to help you pay your bills and avoid debt.
Learn more about Buy Now Pay Later (BNPL) loans before using them for your purchases this holiday season.
From 2018 to 2020, the CFPB estimates that Americans paid roughly $120 billion per year in credit card interest and fees. That works out to about $1,000 per year for every American household.
This is the first episode of a three-episode “managing your student loan series,” which will discuss tips about how to manage money, pay for college, and make good decisions.