Wells Fargo might give its shrinking student lending business a boost by focusing on borrowers with U.S. government loans. The lender would offer loans to...
Despite posting a second-quarter adjusted loss of about $200 million, Social Finance Inc. (SoFi) says it should be profitable again by the end of the...
New data shows that U.S. consumer debt rose in May by the most in six months, showing that Americans were more comfortable with spending midway...
A 10-year study by the National Endowment for Financial Education shows that millennials who are no longer relying on mom and dad for financial help are...
When the Great Recession kicked off a decade ago, for a brief but memorable time, it seemed as though credit in the United States was...
The severe delinquency rate on private label retail credit cards jumped 57 basis points from March of last year and stands at 4.65 percent, according to...
SoFi’s new chief executive officer Anthony Noto penned his first quarterly missive to shareholders highlighting the company’s mission and its company values but declining to...
A restructure of the Consumer Financial Protection Bureau (CFPB) has ended all functions of its student lending office, except for consumer education. According to American Banker,...