Summarizes initial observations from CFPB’s on-going effort to monitor the return to repayment on federal student loans for risks to consumers.
CFPB report on how federal student loan borrowers have fared with the end of the payment pause and the return to repayment.
This is an update from the CFPB Student Loan Ombudsman containing an initial analysis of information provided by student loan servicers on the repayment...
New fixes to income-driven repayment will help borrowers reach loan forgiveness faster. Commercial FFELP borrowers will need to apply for consolidation to benefit.
For all of you faced with student loan payments and crafting New Year’s resolutions to conquer your debt, we’ve put together some tips to help you navigate through the noise.
Data Point research report by Thomas Conkling and Christa Gibbs uses CFPB CCP to study income-driven repayment (IDR), provides statistics on borrower delinquency on federal student loans.
Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing.
The CFPB announced the launch of a public inquiry into student loan servicing practices, and unveiled an enhanced version of its Repay Student Debt online...
The CFPB filed a complaint against a California debt-relief business focused on federal student loan debt, a California debt-settlement company, and the owner and CEO of the two companies.
Financial literacy activity where students calculate how much they can afford in monthly student loan payments based on what their salary might be after graduating from college or another post-secondary institution.
A debt collector may be trying to contact you because a creditor believes you are past due on the payments you owe on a debt. You have rights when dealing with debt collectors and it is against the law for a collector to harass you or make false statements to you.
Report warns of the potential domino effects on the economy of high student debt. It also identifies policy and market-based solutions based on the public’s comments that would help borrowers manage their private student loan burden.
When a debt collector calls—or sends an e-mail or text message, or contacts you through social media—your best response is to confront the situation head-on.
This summer, we had the pleasure of meeting Dani who shared her story with us. Her story was similar to many of the stories we receive on student debt. She...
We are warning all student loan borrowers who have trouble managing their student debt to watch out for scams run by companies promising “student debt relief.” These companies prey on distressed borrowers who run into trouble and struggle to figure out what comes next.
Bureau Issues Industry-Wide Warning On Home, Workplace Debt Collection Risks The Bureau today took action against EZCORP, Inc., a small-dollar lender, for...
Between the increasing cost of higher education and the impact of the financial crisis, students are more reliant than ever on loans to pay for school. With...
The CFPB published a report highlighting the risks employer-driven debt poses to workers.
We have resources you can use to address issues related to debt collection during the coronavirus pandemic.
CFPB announces a final rule on the Fair Debt Collection Practices Act (FDCPA). Here’s what you should know if you’ve been contacted by a debt collector.
