This issue spotlight describes the risks workers and consumers face when they become indebted to the employer or the employer’s affiliate as a condition of employment.
With home equity “investment” contracts (HEIs), homeowners get cash up front in exchange for a repayment later. But HEIs can be risky.
Contact your servicer to learn your options to reduce or postpone your monthly student loan payment. These could include forbearance, deferment, or a modified repayment plan.
The CFPB is asking these employers to make a pledge to inform their employees of their options. Up to a quarter of the U.S. workforce is in public service...
Today, we announced that we're gathering information to come up with a plan to address the challenges many struggling borrowers face to find a more...
I am pleased to join my colleagues at the Department of Education and the Department of the Treasury as we continue to improve student loan repayment and address the many problems in student loan servicing that we have highlighted over the past year.
These comments contain unique, detailed, and personal depictions of consumer experiences with private student loan debt.
Data Point research report on final student loan payments, mortgage and credit card borrowing, and household balance sheets.
Get help with a plan to finish your educational program with debt you can afford.
The 2021 Annual Report of the CFPB Education Loan Ombudsman reviews student loan complaints, the student loan and education ecosystems, the return to repayment, and servicing transfers.
Find answers to questions about how to pay off your loans and the repayment programs available to you.
Bureau Seeks Information On Industry Practices That Can Create Student Debt Stress Today the Bureau is launching a public inquiry into student loan...
CFPB Finds Qualified Students Were Blocked From Affordable Loan Repayment Plans; Updates Student Loan Servicing Exam Procedures.
This is the third episode of a three-episode “managing your student loans series,” which will discuss tips about managing postgraduate degree student loan repayment, budgeting, goal setting and more.
Need advice on how to pay off your federal student loans? Find help and learn about default, refinancing, consolidation, and other options to reduce your debt.
In March 2020, the federal government announced that payments in connection with federal student loans owned by the U.S. Department of Education would be suspended, and interest would be waived for the duration of the suspension.
Many student loan borrowers have an opportunity to have their entire student loans cancelled or receive more credit towards cancellation, but they must act before April 30, 2024.
According to the report, private student loan borrowers say they are sometimes surprised by the terms and conditions of their loans, they are given the...
The report found that payday loans and the deposit advance loans offered by a small but growing number of banks and other depository institutions are...
Today, the Consumer Financial Protection Bureau (CFPB) published an analysis of how actions announced by the three largest national consumer reporting companies – Experian, Equifax, and TransUnion -- will affect people who have allegedly unpaid medical debt on their credit reports.
