Newly released complaint data from the Consumer Financial Protection Bureau appears to support recent claims by nearly two-dozen states that Education Secretary Betsy DeVos may be making a big mistake by rolling back protections for student loan borrowers. [More]
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Complaints About Student Loan Servicing Increased 429% In Past Year
In the past year, federal regulators and consumer advocates have highlighted issues with student loans and the servicing of these often crippling debts: from finding that educational loans continue to haunt older borrowers, to suing Navient, the largest student loan servicing company. Because of this, it might not come as much of a surprise that the number of complaints the Consumer Financial Protection Bureau received related to student loans has skyrocketed. [More]
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Progressive Snapshot Car-Monitoring Device Helps Man Beat Murder Charge
There may be an upside to having a device in your car that monitors your driving habits on behalf of your car insurance company. Yes, really. A Cleveland-area man who also happened to be a Progressive customer with a Snapshot device at the time his infant daughter suffocated to death was acquitted of murder thanks to its data. [More]