Profile

Around 200,000 who sought relief after attending schools that the Education Department said showed signs of “substantial misconduct” will have their federal student loans wiped...

The Education Department said it would wipe out the debts of 560,000 borrowers who had enrolled in the for-profit college chain, which collapsed in 2015.

The Biden administration plans to offer those with loans in default a fresh start. It would help borrowers and the government alike.

Jason Lawrence Geiger, known professionally as Austin St. John, made false claims to obtain money from the Paycheck Protection Program, prosecutors said.

Household debt levels are increasing, but very few consumers are showing deep signs of distress, according to the New York Fed.

Customers sending remittances overseas were harmed by delays and other violations, according to a lawsuit from the federal consumer bureau and the New York attorney...

A set of piecemeal fixes is intended to address longstanding administrative failures by the government’s loan servicers.

The company repeatedly flouted a ban on luring consumers seeking free credit reports into paid products, the Consumer Financial Protection Bureau said.

The stolen information included the value of some customers’ portfolios and details of their stock trades, but did not involve the company’s personal payments system.

A new rule will put the companies that own some for-profit schools on the hook if their campuses defraud students or close their doors.