Student Loan Debt
How advisors can help clients understand the burden of student loan debt and the best ways to reduce, eliminate or manage the debt load.
CFPB Fines Citibank for Misleading Student-Loan Practices
By Bernice NapachThe bureau ordered Citibank to end its illegal practices and pay $6.5 million in redress and fines.
October 17, 2017
DeVos Sued Over Plans to End Protections for Student BorrowersA coalition of states is suing Education Secretary Betsy DeVos for her plans to end rules that protect student loan borrowers.
October 17, 2017
Complaints by Student Loan Borrowers Yield Millions in Relief: CFPBThe CFPB's annual report extols the benefits of consumer complaints, which ultimately affect policy.
October 16, 2017
New HUD Reverse Mortgage Rules Change the Game for BorrowersHUD recently implemented new rules that may make a reverse mortgage line of credit substantially less attractive to many seniors.
October 13, 2017
What Bank Investors Learned From JPMorgan, Citigroup ResultsStart of earnings season showed trading revenue was muted; JPMorgan had better lending margins, Citigroup cut expense.
October 13, 2017
5 Takeaways From BofA, Wells Fargo Q3 EarningsConsumer lending shows cracks on the second day of earnings season; the four largest U.S. banks cut their combined workforce after a pause.
October 13, 2017
Wells Fargo Hit by Surprise Charge From Pre-Crisis MortgagesThe bank takes a $1 billion charge for a pre-crisis mortgage probe; the surprise charge adds to headaches from the fake-accounts episode.
October 10, 2017
New York Life Adds Student Loan Repayment Program for EmployeesThe repayment program will offer up to $10,200 over five years for eligible employees, as well as student loan advice and online planning tools.