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...
Find answers to questions about how to pay off your loans and the repayment programs available to you.
Growing Concerns as Number of Older Student Loan Borrowers Quadruples, Amount of Debt Per Senior Borrower Doubles in Last Decade.
Proposal Would Cover Payday Loans, Vehicle Title Loans, and Certain High-Cost Installment and Open-End Loans Today the Bureau announced it is considering...
We understand that fear – it's why we built our Paying for College tool. It helps students and recent graduates inform themselves about the true cost of...
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.
The CFPB released a special edition of its Supervisory Highlights describing a range of unlawful activities identified by CFPB examiners across student loan markets.
Recently, we undertook what we understand is the first major effort to understand the size of the private student loan market. This market went through the...
With an IDR plan, you can make lower monthly payments on your federal student loans based on your income and family size.
We estimate that more than 25 percent of the U.S. labor force works in public service.
Today, the CFPB released a report on medical billing and collection practices in our country. Medical bills are the most common debt in collections reported on our credit reports. Our own review suggests that roughly 43 million people had medical bills on their credit report, in June 2021, with the total outstanding amount around $88 billion.
Private lenders may report your default to the credit reporting agencies, and attempt to collect on your debt either directly, or through a collection agency.
We are here today to say more about a very difficult marketplace, which is the marketplace for the collection of consumer debt. This topic has long been a...
Report Highlights Violations in Auto Origination, Debt Collection, Mortgage Origination and Small-dollar Lending.
Webinars on paying for college, managing money, and repaying student loan debt hosted by the CFPB's Section for Students and Young Consumers.
But a college degree has the potential to become more of a burden than a blessing for those saddled with unmanageable debt in a tough employment market. We...
While many in Washington are focused on what loans look like for future borrowers, there may be a domino effect on the broader economy if we ignore...
We’ve released a state-by-state snapshot showing how student loan debt is spread across the country. We also break down the complaints we handled from student loan borrowers in every state.
The Consumer Financial Protection Bureau (CFPB) today sanctioned Edfinancial Services, a student-loan servicer, for making deceptive statements to student loan borrowers and misrepresenting their forgiveness and repayment options to them.
Thank you all for coming today. I am glad to be here in California, which has actively sought to protect its consumers from bad debt collection practices.
