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crack down on student loan servicing firms -

Student loan servicing companies, the firms that collect college loan repayments, have long been part of the college debt problem. They haven't been fully informing borrowers of their options to lower payments.

Under a new set of rules recently released by the federal Consumer Financial Protection Bureau (CFPB), borrowers will not only have more protection, they will be better able to reduce...

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Related topics : student loan forgiveness public service / student loan servicing / direct loan servicing system web site / student loan programs for repayment / direct loan servicing payment

The college loan system's fatal flaw - CBS News

The fatal flaw in the loan application process -- at least for students -- was illuminated in two recent suits Consumer Financial Protection Bureau (CFPB)  and the Illinois attorney general filed against Navient and two subsidiaries . Navient, which has denied wrongdoing, is the largest U.S. college loan servicing company and administers more than $300 billion in federal and private loans on...

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Related topics : private student consolidation loan / student loan servicing / student private loan / student college loan / loan pay student

Avoid paying taxes on forgiven mortgage debt - CBS News

(MoneyWatch) It could be the ultimate tax kick in the gut -- if you don't know how to stop it.

A new federal rule regarding the tax treatment of mortgage debt forgiveness may soon change, requiring homeowners who qualify for principal reduction under the government's Home Affordable Modification Program, or HAMP, to wind up footing a huge and, in many cases, unaffordable tax bill. But there is a...

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Related topics : mortgage loan modification tax implications / mortgage loan debt forgiveness / mortgage loan debt to income / mortgage debt loan / loan to pay credit debt

Three arrested after West Valley City, Utah, police ...

A vehicle is seen roped off after a pursuit in Taylorsville, Utah, on Nov. 6, 2016, left a West Valley City police officer dead.



Last Updated Nov 6, 2016 1:11 PM EST

SALT LAKE CITY - Three people were taken into custody after West Valley City police officer Cody Brotherson was killed during a pursuit early Sunday morning,  reports CBS Salt Lake City affiliate KUTV .

Cody Brotherson


Police say the officer died after a vehicle hit him during a pursuit in...

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Related topics : utah west valley city / utah west valley