student loans

Service Members’ Complaints About Student Loans Rise, CFPB Says
Service Members’ Complaints About Student Loans Rise, CFPB Says
September 24, 2024  |  Loans

Student loans account for a growing number of complaints service members and veterans make about financial products. While consumers in general began filing more complaints...

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SoFi Wants Tech Platform to Be AWS of Financial Services
SoFi Wants Tech Platform to Be AWS of Financial Services
July 30, 2024  |  Earnings

SoFi Technologies’ leadership wants the company to become the “Amazon Web Services” (AWS) of FinTech. What that means is a lot of investment into technology...

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FTC: Federal Court Freezes Assets of USA Student Debt Relief
FTC: Federal Court Freezes Assets of USA Student Debt Relief
July 22, 2024  |  Legal

The Federal Trade Commission (FTC) said Monday (July 22) that a federal court halted the operations and froze the assets of the operators of USA Student Debt...

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Discover to Sell $10.1 Billion Private Student Loan Portfolio
Discover to Sell $10.1 Billion Private Student Loan Portfolio
July 17, 2024  |  Loans

Discover Financial Services plans to sell its $10.1 billion private student loan portfolio. The company’s Discover Bank entered into an agreement to sell the portfolio to one...

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CFPB Finds Failures in Loan Collection and Medical Credit Cards
CFPB Finds Failures in Loan Collection and Medical Credit Cards
July 02, 2024  |  CFPB

The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer...

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White House Pauses Student Loan Repayment for 3 Million Borrowers
White House Pauses Student Loan Repayment for 3 Million Borrowers
June 30, 2024  |  Consumer Finance

The Department of Education is reportedly pausing repayments for around 3 million student loan borrowers. The pause comes as the White House defends its new...

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CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
May 31, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that it collects on loans that borrowers...

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Feds Cancel Student Debt for 160K New Borrowers
Feds Cancel Student Debt for 160K New Borrowers
May 22, 2024  |  Debt

The U.S. Department of Education is canceling student debt for another 160,000 borrowers. This latest cancellation, announced by the White House Wednesday (May 22), brings...

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CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests
CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests
May 06, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against the National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that they ignored student...

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