Student loan assistance FinTech Paidly is expanding its platform following a new funding round. The Series A round — no dollar amount was given — came in the form of an investment from S30Build, Paidly said in a news release provided to PYMNTS Tuesday (Dec....
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. If entered by the court, the order would require Climb Credit and its investors to stop making certain representations in...
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 errors involving payments. The agency often receives consumer complaints saying that servicers pulled the wrong amount from an account, withdrew...
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 to see borrowers held harmless when they encounter servicing errors, and servicers held accountable for performance failures, it said in...
September 27, 2023
It’s the end of September, summer’s a distant memory, and students are only a few weeks into settling into the routine of books, homework, and given the way things are going … … paying for it all. You’d be forgiven for thinking the conversation around what we might term “education affordability” has been confined to […]
September 18, 2023
Just a few weeks from now, federal student loan payments resume, ending a moratorium that had been in place since the onset of the pandemic in March of 2020. And...
August 31, 2023
In the wake of the Supreme Court’s decision to block the federal student loan forgiveness plan, many of Generation Z’s recent college graduates will make their first student loan repayment...
August 16, 2023
The retailer’s strategy of appealing to millennials may be backfiring as the generation prepares to lose spending power to student loan repayments. Once again, consumer sentiments’ seeming ability to motivate...
December 16, 2024
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, covers violations connected to student loan refinancing, private lending and servicing, debt collection and federal loan servicing. “Companies break the law when they mislead student borrowers about their protections or […]
December 10, 2024
Student loan assistance FinTech Paidly is expanding its platform following a new funding round. The Series A round — no dollar amount was given — came in the form of...
December 05, 2024
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. If entered by the court,...
November 19, 2024
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 errors involving payments. The agency...
