Student loans

As the Federal Credit Union Act turns 85, industry figures are working on issues related to executive compensation, UDAAP and more, all while girding for a slowdown in membership and loan growth.

The executives were hired for their focus on loan origination, portfolio management and securitization.

Student CU Connect CUSO, which had made high-risk loans to students of the now-bankrupt ITT Technical Institute, agreed to a settlement resulting in an estimated $168 million of loan forgiveness.

The San Diego parent of Ascent Student Lending said Tuesday that it will buy Skills Fund, an Austin, Texas, startup that specializes in lending to students at computer-coding boot camps.

It’s no coincidence that with more than half of consumers ages 20 to 29 now holding credit cards — up from 41% in 2012 — 90-day delinquency rates are at a seven-year high, according to the New York Fed.

It’s no coincidence that with more than half of consumers ages 20 to 29 now holding credit cards — up from 41% in 2012 — 90-day delinquency rates are at a seven-year high, according to the New York Fed.

The U.S. government stepped up collections on delinquent student debt to $2.9 billion last year — or an average of $1,000 from 2.9 million former students and their cosigners, according to the Treasury Department.

The presidential contender’s plan to eliminate more than $1 trillion in student loan debt could have far-reaching implications for credit unions

Activist concedes he doesn't have the votes to join Barclays' board; How an "inevitable" deal fell through and where the banks go from here.

Conduent Education Services has agreed to pay $3.9 million to the CFPB for failing to provide accurate account balances on more than 200,000 student loans.