WASHINGTON—The Department of Education is reporting that students who were “deceived” by the for-profit University of Phoenix will see nearly $37 million in federal loans forgiven. The decision will affect more than 1,200 students, with the action based in part on a case filed in 2019 by the FTC.
Fresh Today
SAN FRANCISCO–With the new college term starting and with students and families across the country incurring debt to cover the cost of tuition, a new report offers an analysis of just what it costs to attend school on average in all 50 states.
NEW YORK—A new survey of undergraduate students shows more than four in 10 say they currently have credit card debt.
WESTBROOK, Maine–Seven new positions have just been added to CUToday.info’s free job board, The Gig. Those are in addition to the six positions added just a few days prior.
VIENNA, Va.–Navy Federal Credit Union has been selected by the Department of Defense to provide banking services on U.S. military bases overseas, displacing Bank of America, which has held the contract for 40 years.
WASHINGTON–Although there are numerous other issues on the agenda, this week two words are on the minds of everyone in Washington, including credit unions: “government shutdown.”
WASHINGTON–There may be a general reluctance among credit unions and other financial institutions to serve cannabis-related businesses, but that hasn’t stopped them from at least filing the paperwork to serve those companies.
ARLINGTON, Va.–After the CFPB last week issued guidance about certain legal requirements that lenders “must adhere to when using artificial intelligence and other complex models,” NAFCU said it is looking to meet with the Bureau to get a better sense of direction around what it has in mind, as well as to offer feedback.
LANSING, Mich. — LAFCU said it is offering specialized strike loans and other forms of financial assistance to members affected by the United Auto Workers strike.
DEARBORN, Mich.—The $6.4-billion DFCU Financial Credit Union is again reaching into Florida to purchase a bank, this time the Sunshine State operations of MidWestOne Bank.