: Richard Cordray to oversee America’s $1.5 trillion student loan portfolio

The former head of the CFPB under Obama will take charge of the office that oversees many high-stakes aspects of paying for college in the U.S......»»

Sen. Warren, who pushed for his appointment, said he would "apply his fearlessness and expertise to protecting student loan borrowers." John Minchillo/ AP Richard Cordray, former head of the CFPB, is set t.....»»

Mark Brown's resignation came after calls for new leadership from Senator Elizabeth Warren and borrower advocates......»»

Financial-education curricula were developed during a time when most workers could count on a paycheck at a stable job......»»

Financial-education curricula were developed during a time when most workers could count on a paycheck at a stable job......»»

College graduates in America are saddled with a mind-boggling $1.5 trillion in student-loan debt. Not only do these obligations haunt former students for years after they have entered the workforce,........»»

There are currently 44 million student loan borrowers who owe approximately $1.6 trillion in student debt. Student loan borrowers are feeling the pressure of insurmountable debts as the econ.....»»

The national student loan debt in America is at a record high of $1.45 trillion. It's an almost mind boggling number. .....»»

Larry Downing/Reuters Americans owe $1.5 trillion in student loan debt, and the problem isn't going away as tuition rates climb and the demand for college degrees remains high. James Altucher, a tech investor and.....»»

President Joe Biden has thrown his support behind $10,000 in student loan forgiveness. But a quarter of Americans want it all forgiven. Student-loan debt reached a national high of $1.5 trillion in 2019. Boston Globe/Getty Images Demo.....»»

As one of the roughly 43 million people who owe $1.6 trillion in student loan debt, I pray that incoming President Joe Biden changes his position and forgives the entire lot. But I doubt that will happen. So until then, I will settle for an indefini.....»»

San Francisco banking giant Wells Fargo & Co. has sold off its $10 billion private student loan portfolio as it looks to shed costs amid a directive under CEO Charlie Scharf to cut billions of dollars in expenses and retrench the lender into its .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Wells Fargo & Co. s.....»»

Student-loan borrowers will not be penalized for any late payments until Sept. 30......»»

Large retailers like Walmart Inc. and Target Corp., as well as student loan borrowers, are on a long list of potential winners from tax breaks included in a $2 trillion coronavirus relief bill approved by the Senate......»»

Paul Sancya/AP Images Bernie Sanders and Elizabeth Warren want to cancel $1.6 trillion in student-loan debt. But neither o.....»»

Student loan debt, the second largest consumer debt category in the United States after home mortgages, hit an all time high of $1.4 trillion in 2019. The financial burden posed by outstanding........»»

People all over the world praise the educational system in the United States. Many school graduates aspire to get into college or university in America.... The post 5 Facts You Didn’t Know About Student Loan Debt appeared first on ValueWalk......»»

Americans have accumulated more than $1 trillion in student loan debts. Are ther.....»»