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Home Daily Digest

Daily Digest – February 9. DoE Creates Loan Unit; Subprime Auto Loan Rates on Rise

mikegibb by mikegibb
February 9, 2016
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EDITOR’S NOTE: AccountsRecovery.net is on site in Las Vegas for the DBA International conference that starts today. Stay tuned for updates and breaking news from the event. 

DEPT. OF EDUCATION CREATES STUDENT LOAN ENFORCEMENT UNIT 

  • The Department of Education has created a “Student Aid Enforcement Unit” to identify sooner and respond in a more timely fashion to crises involving student loans, much like the one at Corinthian College. Robert Kaye, an attorney with the Federal Trade Commission, will head the unit.

SUBPRIME AUTO DELINQUENCY RATES RISING 

  • The delinquency rates on subprime auto loans are rising faster than the delinquency rate on loans made to borrowers with good credit, according to data released by Experian. According to Experian, 0.77% of subprime auto loans were at least 60 days past due.

WORTH NOTING: 16 rules to make sure your emails are read … President Obama is putting an intense focus on cyber-security in his final federal budget proposal … The New Hampshire primary is today. Here’s what you need to know … Janet Yellen, chair of the Federal Reserve Board, will testify before Congress later this week. Here is what she is expected to face … How to find the best big data product or service vendor … Billionaire and former New York City mayor Mike Bloomberg is considering running for president … The models who are the future of Victoria’s Secret … 10 ways to become a more confident person … How fast is your Internet?

A group of people walked 10,000 steps every day for a month. Here’s what happened

Why antibacterial soaps are causing more harm than good

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at mike@canvasbusinessmedia.com.

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