With the CFPB’s future in limbo, so too are hundreds of millions in consumer settlements. For example, Reuters reported Monday (March 3), there is a $100 million pot of funds intended for borrowers that the Consumer Financial Protection Bureau (CFPB) says were harmed by student loan servicer Navient. And...
There’s a new source of stress facing America’s already-stressed student loan borrowers. For the first time since the pandemic, delinquent payments will be added to their credit histories. This is happening, as Bloomberg News reported Thursday (Feb. 27), at a time when more than 9 million borrowers...
When the criminal trial of Frank Founder Charlie Javice and former Chief Growth Officer Olivier Amar begins Tuesday (Feb. 18), Javice’s defense team will reportedly argue that the criminal case stems from a commercial dispute in which the buyer of the student loan startup, JPMorgan Chase, felt...
The Consumer Financial Protection Bureau (CFPB) and the National Collegiate Student Loan Trusts have filed a proposed stipulated judgment to resolve the regulator’s lawsuit alleging that the trusts had illegal debt collection practices. If entered by the court, the proposed stipulated judgment would require the...
December 31, 2024
Higher education is vital for personal and professional growth but rising tuition costs make it harder for students to attend. While financial aid like scholarships and loans help, delays in disbursement can jeopardize enrollment. A PYMNTS Intelligence report, “Making the Grade: Promoting Faster Payments in Education,” a collaboration with Ingo Payments, examines how modernizing payment […]
September 27, 2023
It’s the end of September, summer’s a distant memory, and students are only a few weeks into settling into the routine of books, homework, and given the way things are...
September 18, 2023
Just a few weeks from now, federal student loan payments resume, ending a moratorium that had been in place since the onset of the pandemic in March of 2020. And...
August 31, 2023
In the wake of the Supreme Court’s decision to block the federal student loan forgiveness plan, many of Generation Z’s recent college graduates will make their first student loan repayment...
March 28, 2025
The Federal Trade Commission (FTC) has added more defendants in its case against student loan debt relief operation Superior Servicing and its operator, Dennise Merdjanian. The regulator’s amended complaint added corporate defendants Sunrise Solutions USA LLC, Alumni Advantage LLC, Student Processing Center Group LLC, SPCTWO LLC and Accredit LLC, and individual defendants Eric Caldwell and David Hernandez, the FTC said […]
March 03, 2025
With the CFPB’s future in limbo, so too are hundreds of millions in consumer settlements. For example, Reuters reported Monday (March 3), there is a $100 million pot of funds intended for borrowers...
February 27, 2025
There’s a new source of stress facing America’s already-stressed student loan borrowers. For the first time since the pandemic, delinquent payments will be added to their credit histories. This is...
February 17, 2025
When the criminal trial of Frank Founder Charlie Javice and former Chief Growth Officer Olivier Amar begins Tuesday (Feb. 18), Javice’s defense team will reportedly argue that the criminal case stems...
