Student Loan Servicing news and trends

CFPB Hits Citibank With Fine Over Student Loan Servicing
Banking // November 22, 2017

The Consumer Financial Protection Bureau (CFPB) announced Tuesday (Nov. 21) it has taken enforcement action against Citibank for what the government watchdog said were failures in student loan servicing that hurt borrowers. According to a press release published by Consumer Finance, the CFPB contends Citibank...

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Student Loan Stocks Drop Ahead of Restart of Payments

October 05, 2023
Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause and amid the Biden administration’s efforts to cancel some of that debt. The four stocks most closely linked to student loans include SoFi Technologies, which specializes in refinancing student loans, as […]