Federal Student Loan Payments Suspended Through January 31, 2021
December 4, 2020. In response to the ongoing coronavirus national emergency, the Department of Education extended the forbearance period for federal student loans through January 31, 2021.
FHFA Approves Use of Classic FICO Credit Scores for Fannie Mae, Freddie Mac Mortgages
November 10, 2020. What is the most important credit score? If you’re seeking a new conventional, conforming mortgage, it’s Classic FICO.
U.S. Department of Education Clarifies Trump’s Order on Student Loans
August 21, 2020. The U.S. Education Department will effectively extend CARES Act protections for federal student loan borrowers until the end of the year.
Trump Suspends Federal Student Loan Payments Through December
August 8, 2020. A presidential directive puts most federal student loan payments on hold and waives interest through December 31, 2020.
23 AGs File Lawsuit Against Betsy DeVos Over Student Loan Forgiveness Rules
July 15, 2020. A coalition of attorneys general have sued Education Secretary Betsy DeVos over revisions to a federal student loan forgiveness program.
CFPB Kills Ability-to-Pay Payday Lending Rule
July 7, 2020. So, lenders won't have to verify that borrowers can afford to repay expensive payday loans.
Tougher Loan Forgiveness Standards for Defrauded Students
July 1, 2020. For loans disbursed on or after July 1, 2020, getting a loan discharged because your school made misleading or deceptive claims will be harder.
FICO’s New Credit Score Rates Your “Credit Resilience”
June 29, 2020. Mortgage lenders, credit card companies, and other creditors now have one more way to help them determine whether you're a safe credit risk: FICO’s Resilience Index.
Private Student Loan Relief During the Coronavirus Outbreak in the District of Columbia
May 1, 2020. Many borrowers in the District of Columbia with private student loans, who're affected by COVID-19, but not covered by the CARES Act, can get payment and other relief.
DeVos and Department of Education Sued for Garnishing Wages During COVID-19 Pandemic
April 30, 2020. A class action lawsuit accuses Education Secretary Betsy DeVos and the U.S. Department of Education of continuing to garnish wages in violation of the federal CARES Act.
April 21, 2020. Borrowers in multiple states—California, Colorado, Connecticut, Illinois, Massachusetts, New Jersey, Vermont, Virginia, and Washington state—who have private student loans and are affected by COVID-19 can get payment relief under a recent agreement.
Private Student Loan Relief Announced for Borrowers in New York During the Coronavirus Outbreak
April 7, 2020. Many student-loan borrowers in New York who've been affected by COVID-19, but aren't covered by the CARES Act, can get payment relief under a recent agreement between servicers and the Department of Financial Services.
Student Loan Relief Under the Federal CARES Act
March 27, 2020. The federal stimulus plan provides student loan relief to many borrowers and prohibits adverse credit reporting during the coronavirus pandemic.
March 13, 2020. Debt collectors must discontinue collection calls and stop sending collection notices to defaulted student-loan borrowers, as well as end wage garnishments and other monetary intercepts.
Trump Budget Again Proposes Eliminating Public Service Loan Forgiveness
February 10, 2020. The administration’s budget again seeks to eliminate the public service loan forgiveness program,
Why Your Credit Score Might Go Down In 2020
January 23, 2020. FICO is introducing a new credit scoring system that might end up lowering your credit score.