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Student Loan Borrowers May Get $3 Million In Compensation For Servicing Failures
Forbes· 7 days agoA federal financial watchdog agency filed an enforcement action this week against a widely known...
Student Debt Stories: High Interest, Debt Strikes, Generational Debt, and More
Teen Vogue via Yahoo Finance· 7 hours agoThe companies servicing those loans, which have seen dozens of lawsuits accusing them of coercing,...
FSOC recommends more regulation and liquidity for nonbank servicers - HousingWire
HousingWire· 25 minutes agoIt recommended increased regulation and initiatives to improve these companies’ liquidity during moments of stress, but mortgage trade groups have different reactions to the proposals. The attention ...
Innovative Financial Rules Engine Developed by Anjali Raveendranath Reduces Loan Servicing Costs,...
TMCnet.com· 5 days agoAnjali Raveendranath, Senior Application Designer for one of the largest home mortgage loan and ...
Ninth Circuit: Arbitration clause prevails in “true lender” challenge against OppFi | JD Supra
JD Supra· 20 minutes agoIn a recent unpublished memorandum opinion in a putative class action, Carpenter et al. v. Opportunity Financial, LLC, the U.S. Court of Appeals for the Ninth Circuit upheld an arbitration clause ...
A Pause for the Public Service Loan Forgiveness Program
New York Times· 3 days agoEducation Department has temporarily stopped processing applications and other forms as it updates its systems and deals with problems plaguing the program. The Education Department has paused ...
Key student-debt relief programs are at risk if Congress doesn't boost Education Department funding,...
INSIDER via Yahoo News· 5 days agoEach of those efforts requires more resources to implement effectively — something servicers...
DFPI Enters Into Consent Order With Higher Education Loan Authority | JD Supra
JD Supra· 11 hours agoOn April 24, 2024, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a consent order with...
Mortgage companies could intensify the next recession, US officials warn
CNN Business via Yahoo Finance· 2 hours agoUS officials worry the next recession could be intensified by a cascading series of failures in the...
McCargo appointed as CEO of FHLBank of San Francisco - HousingWire
HousingWire· 5 days agoThe Federal Home Loan Bank (FHLBank) of San Francisco, one of the 11 regionally based, wholesale...