You Searched For "student consumer protection" and got 20 results
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2 mins read
No More False Promises: Government sets rules to prevent misleading and exaggerated coaching centre ads
The Centre's crackdown addresses exaggerated claims like “100% selection” or “guaranteed job securi…
2 mins read
Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
Student-loan company Navient is barred from servicing federal loans in a settlement it reached with…
Ayelet Sheffey
2 mins read
Student-loan companies put up 'excessive barriers' and gave borrowers inaccurate information about debt relief, a federal consumer watchdog says
A new report from the CFPB found that student-loan companies engaged in "unfair and abusive acts" w…
Ayelet Sheffey
3 mins read
Harvard students made Meta Ray-Bans do facial recognition. Meta execs once thought this was a good idea.
Before Meta Ray-Bans first launched, Meta executives weighed adding facial recognition software.
Katie Notopoulos
3 mins read
Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.
After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warni…
Ayelet Sheffey
3 mins read
Some student-loan borrowers are getting kicked out of classes and racking up debt after being placed in shady payment plans with minimal legal protection, a federal consumer watchdog says
The CFPB found tuition payment plans can be predatory for student-loan borrowers, piling on late fe…
Ayelet Sheffey
2 mins read
A major student-loan company is 'improperly' rejecting some borrowers for debt cancellation they qualify for, 18 Democratic lawmakers say
Sen. Elizabeth Warren is leading her colleagues in asking student-loan company Navient for answers …
Ayelet Sheffey
2 mins read
Over 27,000 student-loan borrowers are getting $4.1 million in payments in the mail after debt relief companies 'lured' them into 'fake loan forgiveness claims,' a federal consumer agency says
The FTC accused companies of using a "scheme" to trick student-loan borrowers into paying illegal f…
Ayelet Sheffey
3 mins read
A boomer living off Social Security is worried she'll lose lower student-loan payments through Biden's new plan: 'It seems like a war on the old and the poor'
Sue, 70, has $84,000 in student loans, and the SAVE plan helped her manage her payments. Now that i…
Ayelet Sheffey
2 mins read
A major student-loan company is being sued over claims it mismanaged 8 million borrowers' accounts, blocking them from lower payments and debt relief
The American Federation of Teachers filed a lawsuit against student-loan company MOHELA over claims…
Ayelet Sheffey
2 mins read
Some student-loan borrowers with private debt have a chance to get their balances wiped out — but they have to ask for it
Student-loan company Navient has a process for borrowers with private debt to apply for relief if t…
Ayelet Sheffey
8 mins read
These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'
Biden forgave student loans for borrowers who went to schools accused of fraud. Private borrowers a…
Ayelet Sheffey
2 mins read
Biden's Education Department just finalized a rule allowing states to protect student-loan borrowers from 'unfair and deceptive practices,' reversing the Trump administration's efforts
Trumps' Education Secretary Betsy DeVos wanted to protect student-loan companies from state oversig…
Ayelet Sheffey
3 mins read
A federal watchdog is suing a tech boot camp, accusing it of loading students up with 'predatory' debt and telling them it could collect 'more than the consumer legally owed'
The CFPB and state attorneys general sued the boot camp Prehired, saying it "falsely" claimed that …
Ayelet Sheffey
3 mins read
Why the government is raising an eyebrow at Gen Z's favorite new way to spend: 'Buy now, pay later'
"We've been flooding the market with all this credit and no one's been keeping track of what's been…
Ben Winck
2 mins read
Some student-loan borrowers have just 1 month left to get closer to debt cancellation — and they need to take action
The one-time account adjustment for some student-loan borrowers ends soon. Those without qualifying…
Ayelet Sheffey
2 mins read
Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.
Millions of student-loan borrowers are being transferred from Navient to MOHELA. Elizabeth Warren w…
Ayelet Sheffey
2 mins read
Over 14 million student-loan borrowers will resume payments this year under new companies — and that'll further 'complicate' the repayment process, a federal consumer watchdog says
Student-loan payments are resuming in October after a years-long pause, and the CFPB found it likel…
Ayelet Sheffey
2 mins read
2,600 student-loan borrowers are getting $11 million in payments after a federal consumer watchdog accused a debt relief company of illegally charging fees — and encouraging customers to 'stop paying their student loans altogether'
The CFPB filed a complaint accusing GST Factoring, which runs a student-debt relief business, of "c…
Ayelet Sheffey
3 mins read
A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances were already wiped out through bankruptcy, a federal watchdog alleges in a new lawsuit
The CFPB sued student-loan company PHEAA, accusing it of ignoring borrowers' bankruptcy discharges …