student loans

US Credit Scores Soar To 704, But Debt Looms

US Credit Scores Soar To 704, But Debt Looms
US Credit Scores Soar To 704, But Debt Looms
September 25, 2018  |  Debt

New data shows that as U.S. credit scores hit their highest point since the Great Recession, Americans are also borrowing more than ever. According to...

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Public Service Loan Forgiveness Program Accepts Few Applicants
Public Service Loan Forgiveness Program Accepts Few Applicants
September 21, 2018  |  Loans

To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program. However, approximately 99...

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New York AG Sues Student Loan Servicing Companies
New York AG Sues Student Loan Servicing Companies
September 21, 2018  |  Cybersecurity

New York’s attorney general Barbara Underwood on Thursday (September 20) sued ten companies and two executives for tricking student loan borrowers into purchasing student loan...

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A Decade On, Lending Transformed By Crisis And Innovation
A Decade On, Lending Transformed By Crisis And Innovation
September 18, 2018  |  Consumer Finance

Necessity is the mother of invention. Invention can become necessity. And in lending, with the financial crisis in the rearview mirror, a decade on, invention...

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Scratch Mobile App Makes Paying Off Loans Easy
Scratch Mobile App Makes Paying Off Loans Easy
September 18, 2018  |  Mobile

Startup Scratch is working to make paying off student and personal loans simpler for borrowers through an easy-to-use mobile app. Earlier this year, it was...

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Mobilizing Student Loan Disbursements
Mobilizing Student Loan Disbursements
September 10, 2018  |  Disbursements

As if accidents and disasters aren’t bad enough, handling the ensuing insurances claims can in itself become lengthy debacles. Underscoring that process, or seeming lack...

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CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
August 28, 2018  |  Legal & Regulation

Seth Frotman, an assistant director and student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), had some harsh words for acting CFPB Director Mick Mulvaney...

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Consumer Borrowing Hits $13.29 Trillion In Second Quarter
Consumer Borrowing Hits $13.29 Trillion In Second Quarter
August 14, 2018  |  Loans

American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending in June. Reuters, citing...

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