Tuesday, April 16, 2024

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Shahien Nasiripour

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EQUIFAX INC.'S ARBITRATION CLAUSE in its terms of service may prevent those involved in its massive data breach from benefiting from a class action lawsuit if they opted in for the company's free one year of protection offered after the announcement of the hack. / BLOOMBERG FILE PHOTO/CHRIS RATCLIFFE

Equifax’s hacking nightmare gets worse for victims thanks to arbitration clause

NEW YORK - After Equifax Inc. revealed sensitive data on two of every five Americans was compromised in a cyberattack, thousands of users logged onto...
THE NEW YORK FEDERAL BANK estimated that had tuition stayed at 2001 levels, about 360,000 additional young Americans would've owned a home in 2015. / PBN FILE PHOTO/MICHAEL SALERNO

Student debt is a major reason millennials aren’t buying homes

NEW YORK - College tuition hikes and the resulting increase in student debt burdens in recent years have caused a significant drop in homeownership among...
THE CONSUMER FINANCIAL PROTECTION BUREAU has sued the largest servicer of student loans, Navient Corp., for what the regulator says was behavior that "systematically" cheated borrowers.

Navient ‘systematically’ cheated borrowers, CFPB alleges

WASHINGTON - Navient Corp., the largest servicer of student loans in the United States, was sued by a U.S. regulator over allegations that the...

Student debt may be contributing to racial inequality

NEW YORK - The pursuit of higher education may be exacerbating gaps in financial well-being between blacks and whites, rather than narrowing them. Black Americans...
LESS THAN half of millennials who have dealt with student loans called college financial aid offices “helpful,” according to a September online survey of 2,086 American adults conducted by ORC International for Citizens Bank. / BLOOMBERG NEWS PHOTO/CHRIS GOODNEY

The people there to help with student loans are less than...

NEW YORK - College financial aid counselors are supposed to be students’ primary resource to help figure out how to pay for school—determining how...
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