Borrowing by Graduate Students Plays Key Role in Debt Crisis: Report
A report on student loan debt suggests that borrowing by people in graduate and professional degree programs is rising and could total a larger-than-expected portion of the nation’s $1 trillion in total outstanding federal student loans.
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National consumer credit default rates fell in March to the lowest post-recession rate, according to data released Tuesday. more »
Citigroup's (NYSE: C) better-than-expected quarterly results offered a break from months of bad news, but it will have to be a short one. more »
Citigroup Inc., the third-biggest U.S. bank, reported an unexpected profit increase, beating analysts' estimates as the company recouped funds previously set aside for loan losses. more »
Risk is again emerging as a concern in the consumer credit sector as the economic recovery moves into its fifth year, according to a survey of bank risk professionals. more »
U.S. attorneys general launched a multistate investigation into a data breach at a subsidiary of Experian that gave criminals access to consumers' bank account, Social Security and drivers' license numbers. more »
New York Attorney General Eric T. Schneiderman's office announced agreements Tuesday with 10 businesses that will limit their marketing of title loans, a type of payday loan, to residents of the state. more »
Consumer complaint volume nearly doubled from 91,000 in 2012 to 163,700 in 2013, according to the Consumer Financial Protection Board's Consumer Response Annual Report. more »
The property tax delinquency rate for Detroit landlords receiving Section 8 payments is 26%, and they collectively owe the city at least $5 million. more »
A closely watched barometer of consumer confidence surged in March to its highest mark in more than six years. more »
A growing number of home lenders are lowering their minimum credit scores in an attempt to boost origination volumes that have suffered as interest rates climb. more »
Delinquent first mortgages totaled 5.65 percent of outstanding balances, down more than 22 percent year-over-year in February, according to a new report. more »
When an office-supply store sends you a targeted offer for a new printer, the personal data the company uses to tailor its pitch is exempt from numerous consumer protection laws. more »

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