Browsing: Student loans
Why Bankers Should Care about Student Debt
Bankers didn’t create the student debt crisis. But they can help in ways that provided targeted support to employees and customers alike.
CFPB Spotlights Student Loan Complaints
Complaints about poor servicing practices account for 64 percent of all complaints about student loans, according to the Consumer Financial Protection Bureau’s periodic summary of consumer complaints today.
N.Y. Fed: Household Debt to Top Record Later This Year
U.S. household debt levels are expected to set a new record later this year, according to economists at the Federal Reserve Bank of New York today.
CFPB Reports on Student Debt Incurred by Parents, Grandparents
The number of older Americans carrying some type of student debt has nearly quadrupled over the last decade from 700,000 to 2.8 million, according to a study published today by the Consumer Financial Protection Bureau.
Fed Survey: Millennial Workers Optimistic About Jobs, Wages
Optimism about future job prospects is on the rise among young adult workers, according to findings from a survey released today by the Federal Reserve.
ABA Launches Student Debt Repayment Benefit for Employees
ABA today announced that it is offering a student debt repayment benefit for employees. Starting in December, the association will pay up to $1,200 per year toward employees’ student loan balances.
CFPB Clarifies ‘Flexibility’ in Third-Party Risk Management
The Consumer Financial Protection Bureau today issued an update to its guidance on risk management for third-party service providers.
Wells Fargo: Millennials Remain Optimistic about Finances
Millennials remain generally optimistic about their finances, with most believing they will do the same or better than their parents and 55 percent considering themselves in a successful financial position; 94 percent consider themselves “financial adults.”
Weekly Infobyte: Debt Repayment, Savings Priority for Young
When asked what their top priorities would be if given a raise, millennials emphasized paying down debt and boosting savings over consumption.