Former Students of College Chain Challenge Education Department
A contingent of former Corinthian Colleges Inc. students, backed by student advocates and more than a dozen Senate Democrats, has demanded that the U.S. Department of Education forgive thousands of federal student loans taken out by Corinthian students.
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The Consumer Financial Protection Bureau will continue its work to ensure credit reports are fair and freely given to consumers, agency director Richard Cordray said Thursday. more »
More than 50 million consumers now have free and regular access to their credit scores through their monthly credit card statements or online, the Consumer Financial Protection Bureau reported Thursday. more »
SHUT OUT: "Lots of middle-American people, upstanding members of their communities, are struggling, and their FICO score has decreased and their ability to get access to mainstream credit has been challenged," says Core Innovation Capital's Arjan Schutte.
It's taken about three years of experimenting, but Thomas Bloetscher says Regions Bank has started to crack the code on lending to people with scant credit histories. more »
Pennsylvania government agencies are not allowed to release someone's home address under the Right-to-Know Law without first making the person aware their address has been requested - thus giving them a chance to fight it, a state court ruled this week. more »
New data reveals that mortgage delinquency rates have declined to 3.29% at the end of Q4 2014 among all age groups. This shift marks a 14% drop year-over-year from 3.84% in Q4 2013. more »
Americans increased their borrowing in the final three months of 2014 and, in a troubling sign, are wrestling more with student and auto loans, according to a study released Tuesday by the Federal Reserve Bank of New York. more »
An estimated 77 million Americans have a debt in collections, or about 35% of consumers with credit files or data reported to a major credit bureau, according to a joint study, which noted that the positive impact of collections is expected to increase. more »
The CFPB is looking at "the size of fees, frequency of fees, occasions for fees, the ordering of transactions" in overdraft but "we are not going to be banning the overdraft product," said CFPB Director Richard Cordray.
WASHINGTON — In expansive comments, Consumer Financial Protection Bureau Director Richard Cordray provided new details Tuesday about proposals due soon from the agency while offering insights into an internal battle over easing a key mortgage rule. He only briefly touched on debt collection rules. more »
Brevard County, Fla. officials reported this week plans to write off $6.6 million for emergency medical service transports to area hospitals from the budget year ended Sept. 30, 2013. more »
Most families are on financially unsteady ground even as the national economy appears to be recovering from the recession, according to a new analysis. more »
QUALITY CONTROL: "Tools to vet the accuracy and quality and appropriateness of an appraisal are more prevalent now than they were before," says Phil Huff of Platinum Data Solutions.
Supporters of the moves to enhance the availability of low-down-payment loans deny that the industry is taking on too much risk as a result of those moves as some critics claim. more »
A new report on zombie foreclosures found that as of the end of January, 142,462 homes actively in the foreclosure process had been vacated by the homeowners before the bank repossessed the property, accounting for 25% of all active foreclosures. more »

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