PYMNTS-MonitorEdge-May-2024

student loans

Online Lender SoFi Debuts Two Free ETFs
Online Lender SoFi Debuts Two Free ETFs
February 26, 2019  |  Loans

Online lender Social Finance (SoFi) is launching two free exchange-traded funds (ETFs). Citing regulatory filings, Bloomberg reported that the funds — set to waive management...

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FTC Settles With SoFi
FTC Settles With SoFi
February 25, 2019  |  Regulation

The Federal Trade Commission announced it has resolved its investigation of online lender SoFi, following a public comment period. According to an FTC press release,...

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Young Adults Have Record Debt Surpassing $1T
Young Adults Have Record Debt Surpassing $1T
February 25, 2019  |  Debt

Americans between the ages of 19 and 29 ended 2018 collectively owing more than $1 trillion in debt, the highest level for young adults since...

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Student Debt In ‘Serious Delinquency’ Grows
Student Debt In ‘Serious Delinquency’ Grows
February 18, 2019  |  Loans

Student debt in arrears has hit record highs as measured by data gleaned from the Federal Reserve Bank of New York, Bloomberg reports. The newswire...

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Online Lender CommonBond Cuts 18 Pct Of Employees
Online Lender CommonBond Cuts 18 Pct Of Employees
January 17, 2019  |  Personnel

Online student lender CommonBond has laid off 22 employees — 18 percent of its staff — as it plans to shift investment into new areas....

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Today In Data: Big Changes In Unexpected Places
Today In Data: Big Changes In Unexpected Places
December 10, 2018  |  Today In Data

Change can be disorienting, particularly when it comes at a fast pace. It’s why the news that 44 million Americans owe over $1 trillion in student loan debt...

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Oct. Consumer Credit Logs Fastest Gains In 11 Months
Oct. Consumer Credit Logs Fastest Gains In 11 Months
December 07, 2018  |  Debt

The willingness to take on debt and open wallets, at least here, remains unabated. In the United States, consumer debt gained at its headiest pace...

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Gradifi CEO On Disrupting Student Loan Debt Disruption
Gradifi CEO On Disrupting Student Loan Debt Disruption
December 07, 2018  |  Debt

Student loan debt is among the heaviest financial burdens to shoulder.  Gradifi CEO David Chang tells PYMNTS that student loan repayments and refinancing - offered...

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LendingTree: US Consumer Debt Approaching $4T   
LendingTree: US Consumer Debt Approaching $4T  
November 30, 2018  |  Debt

LendingTree said in its debt report for the month of November that based on recent holiday shopping and credit card spending, credit card balances will...

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