The Consumer Financial Protection Bureau (CFPB) has issued an order against coding bootcamp BloomTech, also known as the Bloom Institute of Technology, and its CEO, Austen Allred, alleging that they deceived students about the real cost of loans and made false claims about the hiring rates of the bootcamp’s graduates. The order permanently bans BloomTech from all consumer-lending activities; bans Allred
A $15,000 home equity loan will likely cost between $149.47 and $187.75 per month, but your cost may vary. Getty Images/iStockphoto If you’re a homeowner, and you need to borrow $15,000, you’re likely in luck. You may be able to borrow the money you need against your home equity at a competitive interest rate. In
Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud, according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans. On loans that exhibited problems, the analysis found an average
My husband and I both work full time. We like our jobs, but we work hard. Our reward? Sending thousands of dollars to the federal government each year. Much like millions of other Americans on Tax Day, we had to write a large check and send it off to the Internal Revenue Service. It’s always painful
The Department of Veterans Affairs will offer a program starting next month to help more than 40,000 veterans who face severe financial struggles to avoid foreclosure and keep their homes. The Veterans Affairs Servicing Purchase program, which launches May 31, was announced by VA officials during a press call on April 9. The program is
WASHINGTON, D.C. — Seventy-one percent of all currently enrolled college students or previously enrolled students who stopped out of their program before completing it say they have delayed at least one major life event because of their student loans. The most commonly delayed event is purchasing a home, named by 29% of borrowers, followed closely
(The Center Square) – A Missouri woman admitted to fraudulently obtaining federal pandemic loans for $104,163, according to information from the U.S. attorney in the Eastern District of Missouri. Camille Foster, 32, pleaded guilty to two counts of wire fraud on Tuesday in U.S. District Court. She admitted to obtaining five Paycheck Protection Program loans
WASHINGTON — The race for Senate in Wisconsin is heating up. Republican businessman Eric Hovde spent millions of dollars of his own money in an unsuccessful campaign for Senate 12 years ago. Now, he’s doing so again. New campaign disclosures showed Hovde loaned his campaign $8 million in the first quarter of this year. He raised
On Tuesday, a federal court dismissed a lawsuit against the Pennsylvania Higher Education Assistance Agency, made by a man who says he was given incorrect information that led him to not receive student debt cancelation under the Public Service Loan Forgiveness (PSLF) program. While the lawsuit focuses on one person’s grievance, the case highlights just
Georgia Attorney General Chris Carr took his case against the Biden administration’s plan to provide additional student loan debt relief to the airwaves Tuesday, saying the White House doesn’t have the authority to enact such changes. “The Supreme Court has already determined that the Biden administration couldn’t do this,” Carr said during an appearance on