Sentences with phrase «other borrower protections»
Private loans also do not have the same range of flexible repayment and other borrower protections that government loans have.
http://www.studentloanborrowerassistance.org/ Not exact matches
Rich Palma, president of Golden Pear Funding, said plaintiffs who take out advances receive better protection than borrowers may in other lending situations, because their own lawyers typically review, and often sign, advance agreements.
Other protections include access to alternative loans for borrowers who don't meet those requirements.
Among protections in the proposal, lenders would need to conduct an upfront «full - payment» test to determine if borrowers will be able to pay the loan without compromising other financial obligations and without needing to reborrow (a cycle that piles on fees and interest, making it harder to dig out).
The Consumer Financial Protection Bureau noted in a January 2015 letter that federal regulators have repeatedly offered guidance encouraging private lenders to pursue workout arrangements and other relief for borrowers.
The creation of the Consumer Financial Protection Bureau bolstered consumer protections against the deception of companies selling dodgy mortgages, unsustainable credit cards, unaffordable student loans and other financial products to borrowers with inadequate resources.
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray said, «Wells Fargo hit borrowers with illegal fees and deprived others of critical information needed to effectively manage their student loan accounts.
If a protected life event happens to you (and you're a protected borrower or co-borrower on the loan), Debt Protection will cancel or reduce repayment of your loan debt — helping to lessen your worries, and your family's worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging.
The unemployment protection is a nice benefit that you won't always find at other banks and the fact that SoFi takes a well - rounded approach when qualifying borrowers could make it easier to get approved, versus getting a loan elsewhere.
During this time, borrowers were unable to take advantage of other protections offered by the government that could have lowered their monthly payments, saved money on interest, and sped up the repayment process.
With more than 850,000 private student loans currently in default and thousands of other borrowers struggling to make their payments, attorneys at the National Consumer Law Center (NCLC) are urging the Consumer Financial Protection Bureau (CFPB) and policymakers to help borrowers stru
With more than 850,000 private student loans currently in default and thousands of other borrowers struggling to make their payments, attorneys at the National Consumer Law Center (NCLC) are urging the Consumer Financial Protection Bureau (CFPB) and policymakers to help borrowers struggling to keep up with their private student loan payments.
Other politicians have attempted to expand loan forgiveness stipulations and protections for borrowers who attended closed down for - profit colleges.
As Americans for Financial Reform stated in its open letter to Secretary John King today, «[u] nlike other consumer credit areas such as credit cards and mortgages, federal student loans lack clearly defined and privately enforceable borrower protections.
RESPA attempts to regulate settlement costs by requiring lenders, mortgage brokers or servicers of home loans to provide disclosures to borrowers that will inform them about real estate transactions, settlement services, relevant consumer protection laws and any other pertinent and timely information connected to the cost of the real estate settlement process.
If a protected life event happens to you (and you're a protected borrower or co-borrower on the loan), Payment Protection will cancel or waive your loan payment (s), up to the contract maximums — helping to lessen your worries, and your family's worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging.
On the other hand, Chapter 13 bankruptcy restructures your debt and gives you a period of three to five years to completely repay your lenders - but has many added protections for your as a borrower.
You can look at interest rates, borrower protections, application fees, and other requirements, and even get pre-approval from certain companies.
In states that enact strong legal protections, the result is a large net decrease in payday loan usage; borrowers are not driven to seek payday loans online or from other sources.
The statute of limitations barred federal RICO and Massachusetts Consumer Protection Act (CPA) claims that two mortgage borrowers had brought against their lender and other companies that were associated with their mortgage loan, the federal district court in Boston has ruled.
NAHB has joined with 32 other housing, banking, civil rights and consumer groups to urge the CFPB to issue broadly defined and clear QM standards that contain strong consumer protections, promote mortgage liquidity in the marketplace and provide lenders proper incentives to make home loans to creditworthy borrowers.