A “faulty” transfer of student loan accounts from Nelnet to Mohela in 2023 led to “millions of consumer credit reporting errors,” lawmakers say in a new letter to government agencies reviewed by CNBC.

The Zacks Consumer Loans industry continues to witness weakening asset quality. Also, though the Federal Reserve has started ...

Key Points ・The American Federation of Teachers has amended its lawsuit against MOHELA, alleging ongoing and systemic student ...

BEIJING (Reuters) -Some Chinese banks have started raising interest rates amid growing bad consumer loans in a dramatic U-turn just weeks after slashing them to unprecedented lows, a move that is ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Illustration ...

If you have federal student loans, there are some big changes you need to know about. Interest has started up again for millions of borrowers, and for many, the first step is just figuring out where ...

Click to share on Facebook (Opens in new window) Click to share on X (Opens in new window) Click to email a link to a friend (Opens in new window) Click to print (Opens in new window) An old adage ...

The change in loan servicers caused nearly 2 million duplicate student loan records to appear on borrowers' credit reports, while hundreds of thousands of borrowers' credit scores were reported ...

Banks raise consumer loan rates to at least 3% Top lenders have warned of growing personal bad loans Higher rates could deter China's consumption push, analysts warn BEIJING, April 1 (Reuters) - Some ...