Committee calls on several government agencies to address loan servicing and debt collection issues.
The federal bureau alleges Corinthian Colleges targeted poor students and overcharged them for tuition and loans.
NAFCU, CUNA see minimum direct impact on credit unions but leveling of playing field.
Student loan giant, credit union client differ with CFPB report of widespread service complaints.
Complaints focus on lack of loan repayment information, difficulty navigating system and roadblocks for borrowers seeking benefits.
The private student loan market shares some similarities with the real estate market before the mortgage bubble burst, federal report says.
Student loans are poised to become the next big consumer debt debacle. Total outstanding student loan debt is expected to top $1 trillion this year, more than double the amount owed just five years ago. That would push it well above the amount of credit card debt outstanding, which totaled...
Illinois Director of Financial Institutions Robert Meza has been named to the NASCUS Board by Chairman Thomas Candon.
The credit union story from the industry's beginning includes regular people taking a do-it-yourself approach to solve seemingly insurmountable environmental pressures and creating something new.
When thinking about college, education and financial aid over the past 20 years the first word that comes to mind is expensive.