Educational News

After Massive NYC Student Data Breach, Here Are Steps You Can Take To Protect Your Family

Source-site New York City officials recently acknowledged that the personal information of about 820,000 current and former students was compromised in a cybersecurity lapse. Find out what’s happening in New York Citywith free, real-time updates from Patch. If you’re a caregiver…

Biden faces rising pressure on student loans with deadline looming

Source-site President Biden is in a difficult position on student loans ahead of the midterms, as pressure builds from borrowers and Democrats for widespread cancellation. Adding to the pressure is a key deadline: On May 1, millions of borrowers will…

8 Million Borrowers At Risk If Student Loan Payment Pause Ends

Source-site A new report claims that 8 million student loan borrowers will be at risk if the student loan payment pause ends. Here’s what you need to know — and what it means for your student loans. Student Loans The California…

SoFi CEO on Biden and student loan forgiveness: ‘This is classic leadership by indecision’

Source-site A major student loan refinancing company has joined the chorus of voices calling for broad-based student loan forgiveness as millions of borrowers brace for the end of the pandemic payment pause. “This is classic leadership by indecision — and it’s exactly…

Private lenders lobby to restart federal student loan payments

Source-site SoFi is one of the private student lenders lobbying to stop, or at least curtail, the pandemic-related moratorium on federal student loan payments that is now stretching into a third year. | Justin Sullivan/Getty Images Private student lenders are…

TransUnion cyber attack – hackers demand R225 million ransom

Source-site Credit reporting agency TransUnion South Africa is currently in an ongoing battle with a hacker group demanding a $15 million (R225 million) ransom over four terabytes of compromised data. The hacker group, going by the name N4aughtysecTU, which claims…

Student loans will now take 40 years to repay

Source-site A stealth tax on students in England, said Labour of the government’s planned reforms of student financing, and that is indeed what it amounts to. A complicated one, for sure, with some sugar to help the medicine go down. Annual fees will…

CFPB Updates Exam Procedures for Remittance Transfers

Source-site On February 14, the Consumer Financial Protection Bureau (CFPB) updated its Supervision and Examinations Manual to reflect changes it made to the Remittance Transfer Rule (Rule) in a final rule published on June 5, 2020. The changes made to Subpart B of Regulation…

CFPB Zeroes In On Auto Lending Market

Source-site In a new blog post today, the CFPB signaled that it intends to increase its focus on the auto lending market. The bureau noted that prices for new and used cars have increased significantly over the last year, and that “we…

CFPB Issues Request For Information Regarding Junk Fees

Source-site On January 26, 2022, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services (RFI). In the RFI, the CFPB seeks public feedback regarding fees that are…