Repayment news and trends

US Lawmakers Want Cheaper Chapter 11 For SMBs
B2B Payments // December 03, 2018

According to The Wall Street Journal (WSJ) on Friday (Nov. 30), two U.S. lawmakers proposed a bill to make filing for bankruptcy easier, faster and more affordable for small businesses (SMBs) with $2.5 million or less in debt. The Small Business Reorganization Act of 2018, introduced Thursday...

CFPB Claims Few Student Loan Borrowers Use Affordable Repayment Options
Loans // May 17, 2017

With 44 million Americans currently in student loan debt, equaling just over $1.4 trillion, paying all of that back can seem like a daunting and never-ending feat to accomplish. The U.S. Department of Education says nearly eight million borrowers haven’t made payments in 12 months,...

Quick Reads
Startup Pillar Aims To Help Students Pay Down Debt

May 30, 2019
A new startup named Pillar, which aims to help students pay down loan debt, recently received $5.5 million in seed money from Kleiner Perkins, according to a report. The app will connect with the loan provider and a person’s bank, and can then communicate with the borrower and offer advice based on income, spending and […]

CFPB Claims Few Student Loan Borrowers Use Affordable Repayment Options

May 17, 2017
With 44 million Americans currently in student loan debt, equaling just over $1.4 trillion, paying all of that back can seem like a daunting and never-ending feat to accomplish. The...