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Student loan debt — now at $1.5 trillion in the U.S. — is arguably the greatest pain point for consumers in their 20s and 30s. To court that demographic, banks are increasingly offering help with refinancing and repayment.
December 20 -
As part of the agreement with HSN, Synchrony has also extended its partnerships with HSN affiliates QVC and the e-commerce site Zulily.
December 20 -
Two groups are asking the agency to restrict collectors to "one live conversation per week" with a borrower and up to three phone attempts per week.
December 20 -
Maria Vullo is stepping down as head of New York's banking and insurance regulator after three years in which she created a national model for cybersecurity regulations at banks and fought back against federal attempts to chip away at payday-lending rules.
December 19 -
Recent data from NCUA showed a lot of positives for the industry, but it also revealed some potentially worrisome trends.
December 18 -
A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit.
December 18 -
Lawrence Weinbach will replace David Nelms, who had already stepped down as CEO. The transition will take place Jan. 1.
December 17 -
U.S. student loan debt outstanding reached a record $1.465 trillion last month and one particular set of borrowers is having a hard time paying back their loans.
December 17 -
The Albany, N.Y., institution has made millions of dollars in mortgages through a program launched in July meant for those who do good in the world.
December 17 -
Former CFPB chief Mick Mulvaney had claimed the agency could not supervise firms for Military Lending Act compliance, but lawmakers want his successor to go in a different direction.
December 14 -
Readers sound off on fintechs entering the student loan market, the FDIC’s brokered deposit rules and a heated debate over the new CFPB leader.
December 13 -
New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country.
December 13 -
More acquainted with the quick decision-making style of the banking world, the comptroller of the currency found a policymaking environment in D.C. that moves at a slower pace.
December 12 -
The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.
December 12 -
The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.
December 11 -
Blockchain backers concede the hype is turning off bankers; Mulvaney's CFPB name change could cost industry millions of dollars; the one banking bill Congress might actually pass next term; and more from this week's most-read stories.
December 7 -
Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.
December 6 -
According to data from the NCUA, the industry had double-digit increases in several key metrics even as the number of institutions continued to decline.
December 6 -
The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan.
December 6 -
Democrats on the House Financial Services Committee are expected to shine a spotlight on Trump-appointed regulators, but that light might shine brightest on one agency in particular.
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