The CFPB claims the tech school helped create a student loan CUSO that fed ELFCU the loans.
Former EVP Patterson will replace Jon Jeffreys, who was named a managing partner at Callahan & Associates and will remain on the CUSO's board.
Cybersecurity, interest rate risk, private student lending and money services businesses are among agency's top exam priorities.
Auto leasing trading site sees student debt hitting auto leasing market.
Student loan providerLendKey, based in New York City, said Dec. 4 it surpassed $500 million in loan volume on its cloud-based technology platform.
New York City-based servicer touts growth of business on its cloud-based platform.
NAFCU, CUNA see minimum direct impact on credit unions but leveling of playing field.
The problem of snowballing student loan debt is well-documented in what seems like a weekly ritual in the media. While it is true that graduates are often left with numerous loans, each with different payment schedules and terms, we hear precious little about solutions.
Despite an industry facing trends to the contrary, Gary Perez is upbeat about the future of student loans at his credit union.
The $4.2 billion Pennsylvania Employee Credit Union is getting out of the student loan business, but Harrisburg, Penn.-based credit union’s decision isn’t related to recent criticism directed at loan servicer Sallie Mae.