Learn tips and strategies on how to make more informed financial decisions around managing money, saving and paying for higher education, and repaying student loan debt.
This report highlights debt collection and servicing problems plaguing the federal programs designed to help defaulted student loan borrowers get on track...
Financial institutions expect borrowers to hold up their end of the bargain when it comes to mortgages and student loans. Shouldn’t we expect the same of them?
Thank you to President Jim Bullard and everyone at the Federal Reserve Bank of St. Louis for inviting me to speak today on the impact of rising student debt...
If you can’t pay your credit card bill because of the coronavirus pandemic, call your credit card company and ask about financial relief. We have tips on what to ask and what your options may be.
The Bureau filed an amicus brief urging the Federal Circuit to conclude that a trial court injunction barring the Department of Education from assigning debt collectors to loans in default is inconsistent with the public interest.
Consumers’ Buy-Now-Pay-Later repayment data is starting to be furnished to the nationwide credit reporting companies. A standardized approach would promote consistency and accuracy.
Lender Also Illegally Exposed Borrowers’ Debt Information to Employers, Friends, and Family.
After reviewing more than 3,400 comments on our student loan Payback Playbook, we worked to create revised prototype disclosures. The updated Payback...
Auto Loan Company Misled Servicemembers About Consequences of Nonpayment Today the Bureau sued an auto loan company, Security National Automotive Acceptance...
It is possible to have student loans and start a business, but it may be harder to access business credit and save enough cash to cover startup costs.
New data shows payday and similar loans lead to consumers trapped in debt and our proposed rule aims to help those consumers.
Today the Bureau Student Loan Ombudsman released a report finding consumers complain of servicing problems that make it difficult to get lower student loan...
CFPB and U.S. Departments of Education and Treasury Issue Framework for Servicing Reforms, Bureau Prioritizes Stamping Out Illegal Actions Today, the Bureau...
Most BNPL lenders don’t report your payment history to the major credit reporting companies, but your failure to repay may be reported by a debt collector.
Today, Americans owe more than $150 billion in private student loan debt – and many borrowers are struggling to pay it back.
CFPB Heard More Than 20,000 Borrower Complaints Last Year Highlighting Widespread, Persistent Servicing Problems.
At the Bureau, we are working to understand the impact of the recession on young consumers and to learn more about what increasing levels of student debt...
Report Also Looks at Consumer Complaints from Nevada.
Gaps in Student Loan Rehab Programs Trap Vulnerable Borrowers in Default, May Cost Consumers $125 Million in Unnecessary Interest Charges Alone.
