The Consumer Financial Protection Bureau (CFPB) on Monday filed a complaint against two major private student loan servicers, alleging failure to address borrowers’ requests. The CFPB accused the National Collegiate Student Loan Trust (NCSLT), a group of 15 securitization trusts, and the loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA) of failing to respond to
(File) Bangladesh’s Prime Minister Sheikh Hasina, left, shakes hands with Chinese President Xi Jinping as she arrives for a meeting at the Diaoyutai State Guesthouse in Beijing, on 5 July, 2019. AP According to reports in the Bangladesh media, the Prime Minister’s Office has approved seeking over 36 billion yuan, approximately $5 billion, as a
If you, your kids or grandkids plan to attend college in the fall, you’ve probably heard this word that sounds like a foreign language: FAFSA. In a way, navigating the Free Application for Federal Student Aid can be as difficult as learning a foreign language. This year, government gaffes made the application process worse. The
49 minutes ago Image caption, About 1.5 million Bounce Back loans were granted during the pandemic A builder has been disqualified as a company director for 10 years after he falsely claimed a loan under the Covid Bounce Back scheme. Marcel Ion, 39, from Bromley in south-east London, claimed his company’s turnover was more than
Ericka Thomas, city comptroller, speaks during Monday’s work session of the full City Council. The city of Jamestown has more than enough money in its budget to pay the cost of an increased bond for the city’s fleet maintenance garage. It’s the timing of that payment that could be a problem,
Ares Commercial (NYSE:) Real Estate Corporation (ACRE) has made significant progress in addressing non-performing loans in the first quarter of 2024, according to their recent earnings call. The company reported reducing the outstanding principal balance of nonaccrual loans by $133 million and decreasing exposure to the commercial office property sector by $70 million. Despite these
The Federal Reserve publicized the results of its climate stress test pilot program Thursday and found that the biggest banks could face higher loan defaults on commercial real estate and residential real estate loans as well as loan defaults related to a decarbonizing economy over the coming decades.Bloomberg Creative Photos/Bloomberg Creative WASHINGTON — The largest banks
Home prices were already high when Ellen Harper, a software architect living in Atlanta, started searching for a house in 2021. But she couldn’t have anticipated the quick surge in interest rates the following year and, even with a large down payment, the new math made her uneasy. Earlier this year, however, she stumbled upon
The borrowing cost for student loans is poised to reach a 16-year high. The interest rate on a federal undergraduate student loan is expected to climb to 6.5% in July, which would mark its highest level since 2008, financial-aid expert Mark Kantrowitz told ABC News. The current interest rate of a new student loan is
Last updated: May 9, 2024 10:00 EDT | 1 min read Crypto lender Ledn revealed loans statistics for the first quarter on Thursday, surpassing all previous quarters since its inception in 2018. The lender said it facilitated over $690m in loans, with a split of $584m going to institutional clients and $106m to retail investors.