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Student Loans May Impact Borrowers’ Credit As Early As January 2025

Forbes
Negative credit reporting and collection activity on defaulted student loans set to resume in 2025.
23 hours ago

Who are buy now, pay later borrowers, and what are they buying?

Reuters
As Amazon's Prime Day kicked off the holiday shopping season this week, U.S. consumers are expected to spend a record $18.5 billion using...
4 hours ago

Another interest rate cut is coming for borrowers next week, but the economy doesn’t need it

The Irish Times
Reduction will add to demand in the housing market as lending becomes cheaper while supply lags behind.
7 hours ago

Distressed borrowers get $250 million in USDA assistance

Successful Farming
Some 4650 financially distressed farmers who owe money on USDA direct and guaranteed loans will share $250 million in payments from the...
2 days ago

Biden’s student debt relief plan halted again — what does this mean for roughly 30 million borrowers in limbo?

Yahoo Finance
Just as the Biden Administration secured a win in its effort to forgive billions in student loan debt, the relief program has once again...
2 days ago

CFPB bans arbitration platform for deceiving student borrowers

American Banker
The CFPB has banned a Los Angeles dispute resolution platform, Ejudicate, for forcing student borrowers into arbitration with Prehired,...
3 hours ago

DSS indicts ‘CBN staff’ for aiding theft of Anchor Borrowers’ funds, explains how

Nairametrics
Nigeria's Department of State Services (DSS) has disclosed how several staff members of the Central Bank of Nigeria (CBN) allegedly aided in...
1 day ago

Private credit PIK portion rises, allowing borrowers to preserve cash

PitchBook
Private credit lenders, who have been willing to provide structures unavailable in other parts of credit, are allowing companies to pay...
7 hours ago

Why Credit Scores Aren't Falling Even As More Borrowers Miss Loan Payments

Investopedia
In July 2024, the average FICO credit score remained steady at 717. FICO scores have not fallen despite growing consumer debt,...
3 hours ago

CFPB Takes Action Against Arbitration Platform Ejudicate for Deceiving Student Borrowers

Consumer Financial Protection Bureau (.gov)
The CFPB banned private dispute resolution platform Ejudicate from arbitrating disputes about consumer products after it misled borrowers...
5 hours ago