Student loans

Regulators reached a $183.5 million deal Thursday to get debt relief to 41,000 students of the bankrupt Corinthian Colleges.

MPOWER Financing announced a deal Tuesday with Bank of Lake Mills in Wisconsin that will enable the Washington, D.C.-based company to lend to students in all 50 states.

LendKey, whose software helps financial institutions make student, auto and home improvement loans, closed a Series C round led by a fund whose investors include more than a dozen banks.

The marketplace lender's application for an industrial bank charter is under fire from small banks and progressives, who say it could violate the barrier between banking and commerce and shut out middle-class and lower-income consumers.

The Wall Street Journal enumerates the reasons why President Trump needs to fire the CFPB director; the bitcoin market is sharply divided over whether it’s a currency or a store of value.

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

President Trump’s aim to scale back financial regulations may make it easier for student loan borrowers to maintain federal class actions.

Navient and Nelnet, the two largest student loan servicers, avoided downgrades on some $18 billion of bonds by extending their maturities. Getting the required consents from investors would normally take ages, but recent innovations speeded the process.

The company that made its name refinancing student loans plans to delve deeper into originations after a trial run of sorts.

Student loans are showing signs of growing too fast, perhaps the only market flashing a warning even as the economic recovery grows older, Citigroup Chief Financial Officer John Gerspach said.

JPMorgan Chase agreed to sell a $6.9 billion portfolio of student loans to Navient Corp., five days after the bank told shareholders it was looking to unload the holdings.

Readers weigh in on a notable OCC personnel change, the Scottrade breach, the ability of corporate owners to still be anonymous and more.

Education Secretary Betsy DeVos on Tuesday rolled back an Obama administration attempt to reform how student loan servicers collect debt.

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

While there are inherent differences between student loan and mortgage servicing, recent claims against the largest student loan servicer echo the mortgage debacle.

In a Q&A, CommonBond CEO David Klein discusses how an OCC charter might benefit customers by lowering the cost to run a student loan refinancing business.

Financial firms are going on offense in Washington, pressing a policy agenda that would have been unimaginable just a few months ago. Some proposals, like reforming the Consumer Financial Protection Bureau, have been floated before while others began to gain traction after Republicans swept the November elections. Here's a look at some of the industry's requests.

The San Francisco-based online lender will soon begin selling refinanced student loans through Promontory’s member network.

Strong loan growth was partially offset by rising delinquencies in its flagship credit card business, as well as in student and personal loans.

The Consumer Financial Protection Bureau and two states on Wednesday sued the nation's largest student loan servicer, Navient, for allegedly systematic failures in processing loan payments and failing to enroll borrowers in less expensive repayment plans.