Stacy Cowley
Posts
When Property Investors Want Out, These Bargain Hunters Rush In
Investment firms are raising record sums for real estate secondary funds that cut private deals to buy assets from investors who can’t otherwise exit.
Texas Sues General Motors for Collecting and Selling Driver Data
The lawsuit accuses the automaker of tricking drivers into sharing detailed driving records that were then sold to insurance companies.
Nearly Half of Student Loan Borrowers Are Not Yet Paying Their Monthly Bill
Millions of people are overdue on their federal loans or still have them paused — and court rulings keep upending collection efforts.
Student Loan Bills Are Dropping Next Month for Many, but There’s a Hiccup
The Education Department has not finished recalculating payments for millions of borrowers enrolled in SAVE, forcing loan servicers to put many loans into forbearance.
C.F.P.B. to Create ‘Corporate Offender’ Registry
Most companies will be required to report government and court orders penalizing them for consumer protection violations.
There’s a Program to Cancel Private Student Debt. Most Don’t Know About It.
A nonprofit group is publicizing the relief program that Navient, a large lender, created for students who attended for-profit schools that misled them.
Education Department Extends Deadline to Consolidate Loans for Forgiveness
Borrowers with commercially held loans will now have until June 30 to take steps to make their loans eligible for elimination.
Trade Groups Sue to Block Credit Card Late Fee Limit
Banking groups and Texas business associations asked a federal court to abolish a new federal rule that would cap most late fees at $8.
New Federal Rule Caps Most Credit Card Late Fees at $8
The Consumer Financial Protection Bureau said its new restriction would save households $10 billion a year in “junk fees.”
Edward E. Crutchfield, 82, Banker Whose Deals Reshaped the Industry, Dies
He built a small Southern bank into a regional powerhouse, helping to turn Charlotte, N.C., into a national financial hub.