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Consumer Financial Protection Bureau Sues Student-Loan Debt-Relief Operation for Taking Illegal Advance Fees and Settles with Some Participants

https://www.consumerfinance.gov/archive/newsroom/cfpb-sues-student-loan-debt-relief-operation-settles-with-some-participants/

Factoring, Inc., which runs a student-loan debt-relief business in Texas, and two of...Protection Bureau Sues Student-Loan Debt-Relief Operation for Taking Illegal...Factoring, Inc., which runs a student-loan debt-relief business in Texas, and two of

Archived
CFPB and U.S. Department of Education Joint Report Finds a Cycle of Boom and Bust in Private Student Loan Market

https://www.consumerfinance.gov/archive/newsroom/consumer-financial-protection-bureau-and-u-s-department-of-education-joint-report-finds-a-cycle-of-boom-and-bust-in-private-student-loan-market/

...estimates, outstanding student loan debt in the United States topped $1 trillion...2011 — $864 billion of federal student debt and......Underwriting Result in More Borrowers, More Debt WASHINGTON, D.C. – Today the Consumer...that describes the risky practices and debt that stemmed from the boom and bust

Archived
Four tips to help older student loan borrowers navigate common problems with their student loans

https://www.consumerfinance.gov/archive/blog/four-tips-help-older-student-loan-borrowers-navigate-common-problems-their-student-loans/

...number of older Americans with student debt has quadrupled, older borrowers complain...problems with lenders, loan servicers, and debt......unprecedented amount of student loan debt into retirement. The report shows that...reflect borrowers carrying student debt later into life, but also the increasing

Archived
As outstanding credit card debt hits new high, the CFPB is focusing on ways to increase competition and reduce costs

https://www.consumerfinance.gov/archive/blog/credit-card-debt-hits-new-high-cfpb-is-focusing-on-ways-to-increase-competition-and-reduce-costs/

...estimates that outstanding credit card debt may continue to set records and could...function. As outstanding credit card debt hits new high, the CFPB is focusing...estimates that outstanding credit card debt may continue to set records and could

Archived
CFPB Orders Scam’s Ringleaders to Pay More Than $8 Million to Consumers and Student Loan Borrowers

https://www.consumerfinance.gov/archive/newsroom/cfpb-orders-scams-ringleaders-to-pay-more-than-8-million-to-consumers-and-student-loan-borrowers/

...finalized an enforcement action against debt-relief payment-processors RAM Payment...Winters and Stephen Chaya, for collecting debt-relief fees from consumers, lying to...finalized an enforcement action against debt-relief payment-processors RAM Payment...Winters and Stephen Chaya, for collecting debt-relief fees from consumers, lying to

Archived
CFPB Issues Guidance to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages

https://www.consumerfinance.gov/archive/newsroom/cfpb-issues-guidance-to-protect-homeowners-from-illegal-collection-tactics-on-zombie-mortgages/

...issued guidance on debt collectors, covered by the Fair Debt Collection Practices...illegal for debt collectors to sue or threaten to sue to collect debts past the...issued guidance on debt collectors, covered by the Fair Debt Collection Practices