The Pennsylvania Higher Education Assistance Agency allegedly ignored student loan borrowers seeking payment relief during the COVID-19 pandemic, the CFPB claims. HARRISBURG, Pa. — The Consumer Financial Protection Bureau on Tuesday announced it took action against the National Collegiate Student ...

Rep. Andy Barr, R-Ky., chair of the House Financial Services committee's panel on financial institutions and monetary policy, is calling on the Federal Deposit Insurance Corp. to withdraw a corporate governance proposal he says will interfere with bank management and ...

Our special guest is Brian Johnson, Managing Director of Patomak Global Partners and former CFPB Deputy Director.  In November 2023, the CFPB issued a proposed rule to supervise nonbank companies that qualify as larger participants in a market for “general-use ...

ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore signed two measures into law on Thursday that are aimed at better protecting personal data online from Big Tech, including a bill making Maryland the second state to try to create strong ...

Listen to this article WASHINGTON — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise. The University of ...

A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation. Led by the U.S. Chamber of Commerce, the industry in March ...

oatawa / iStock/Getty ImagesIn spite of record-high credit card debt of more than $1 trillion, many Americans are taking steps to reduce their debt. A recent GOBankingRates study showed that consumer debt decreased in 32 states plus the District of Columbia ...

Synchrony Financial (NYSE:SYF) posted higher delinquency and adjusted net charge-off rates both M/M and Y/Y in May, in a sign that credit quality continued to normalize during the month, according to an SEC filing dated Monday. Its delinquency rate of ...

A federal financial watchdog agency filed an enforcement action this week against a widely known student loan servicing agency and a collection of private student loan trusts. If approved, the student loan companies may have to pay millions of dollars ...