| May 19, 2014
| 9:23 PM
About 60,000 service members will receive a cut of $96 million in settlements that federal regulators announced Tuesday with student loan servicer Sallie Mae over allegations that its terms violated service members' rights. Authorities alleged Sallie...
| Apr 22, 2014
| 11:32 AM
A new report released Tuesday by the Consumer Financial Protection Bureau is warning borrowers of a catch that is pushing private student loans into default even if the loan is in good standing.
The federal consumer agency said that borrowers complain...
| Apr 23, 2014
| 8:55 AM
Elizabeth Warren's ninth book is a campaign biography with a twist.
Warren, who emerged as a national figure during the early days of the financial crisis, rapidly became a star of the Democratic Party's liberal-populist wing. Her 2012 Senate campaign...
| Apr 23, 2014
| 10:42 AM
The Consumer Financial Protection Bureau is looking for lenders and technology providers to test whether electronic closings of mortgage loans would simplify a process that is overwhelming and frustrating consumers.
In research conducted during the...
| May 5, 2014
| 8:30 AM
It doesn't always pay for young borrowers to add parents, grandparents or other relatives as co-signers to get a lower interest rate on a student loan from a bank.
In some cases, when the co-signer dies or falls into bankruptcy, the action may trigger an...
| May 2, 2014
| 1:11 PM
In the bustle of everyday life, it can be difficult to keep abreast of all the trends and issues that affect consumers — paying off credit cards, outlet shopping, banking, dealing with debt collectors and switching insurers, for example.
| Jan 9, 2014
| 8:04 AM
Mortgage rates leveled off in familiar territory this week, home finance giant Freddie Mac said, with lenders offering 30-year fixed loans to solid buyers at an average of 4.51%, down from 4.53% last week.
Fifteen-year fixed mortgages, popular with...
| Jan 10, 2014
| 2:54 PM
Few of the nontraditional home loans that triggered the financial crisis are still available, and lenders will have even more reason to avoid them now that the Consumer Financial Protection Bureau’s definition of presumably safe and sound...
| Feb 28, 2014
| 5:49 AM
WASHINGTON -- With few Americans checking their credit scores annually, a top financial regulator is urging banks to make the information more easily available by including it for free on monthly credit card bills.
The request from Richard Cordray,...
| Apr 9, 2014
| 11:15 AM
WASHINGTON -- Bank of America Corp. has agreed to refund customers $727 million and pay $45 million in fines for illegal credit card practices, according to a settlement with federal regulators announced Wednesday.
The refunds will go to as many as 2....
| Feb 26, 2014
| 11:29 AM
[Updated 1:45 p.m. PST Feb. 26: This post has been updated to include a response from ITT Educational Services and to reflect the closing stock price.]
In its first action against a company in the for-profit college industry, the federal Consumer...
| Feb 6, 2014
| 9:22 AM
Federal regulators are investigating for-profit college chain Corinthian Colleges Inc. for falsifying job-placement rates, adding to at least a dozen other state and federal investigations into the company's business practices, Corinthian disclosed in...