student loans

CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
December 16, 2024  |  CFPB

A new regulatory report shows a variety of unlawful activity in America’s student loan market. The report, issued by the Consumer Financial Protection Bureau (CFPB) Monday (Dec. 16,...

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Paidly Raises Funds to Expand Student Loan Benefit Platform
Paidly Raises Funds to Expand Student Loan Benefit Platform
December 10, 2024  |  Investments

Student loan assistance FinTech Paidly is expanding its platform following a new funding round. The Series A round — no dollar amount was given —...

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CFPB Files Proposed Settlement With Student Lender Climb Credit
CFPB Files Proposed Settlement With Student Lender Climb Credit
December 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order for settling its lawsuit against student lender Climb Credit and its investors, including 1/0....

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CFPB: Student Loan Servicers’ Autopay Errors ‘Completely Unacceptable’
CFPB: Student Loan Servicers’ Autopay Errors ‘Completely Unacceptable’
November 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is seeing cases in which student loan servicers are withdrawing incorrect amounts from borrowers’ bank accounts and making other...

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CFPB Urges Greater Accountability for Student Loan Servicers
CFPB Urges Greater Accountability for Student Loan Servicers
November 15, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is urging legislators and other policymakers to make reforms that it said would improve student loan servicing. The regulator wants...

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CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to Borrowers
CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to Borrowers
October 17, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued student lender Climb Credit and investment firm 1/0 Thursday (Oct. 17), alleging they provided potential borrowers with false...

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CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
October 10, 2024  |  CFPB

The CFPB has barred dispute resolution platform Ejudicate from arbitrating disputes about consumer financial products. The ban came after the Consumer Financial Protection Bureau (CFPB) found that the company...

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Service Members’ Complaints About Student Loans Rise, CFPB Says
Service Members’ Complaints About Student Loans Rise, CFPB Says
September 24, 2024  |  Loans

Student loans account for a growing number of complaints service members and veterans make about financial products. While consumers in general began filing more complaints...

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SoFi Wants Tech Platform to Be AWS of Financial Services
SoFi Wants Tech Platform to Be AWS of Financial Services
July 30, 2024  |  Earnings

SoFi Technologies’ leadership wants the company to become the “Amazon Web Services” (AWS) of FinTech. What that means is a lot of investment into technology...

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