During his confirmation hearing today, Randal Quarles — President Trump’s nominee to serve as Federal Reserve vice chairman for supervision — endorsed the concept of tailored supervision that ABA has done much to work into the policy conversation over the past several years.
Browsing: Student loans
Bankers didn’t create the student debt crisis. But they can help in ways that provided targeted support to employees and customers alike.
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.
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.
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.
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 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.
The Consumer Financial Protection Bureau today issued an update to its guidance on risk management for third-party service providers.
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.”