Executives at Womply and Blueacorn, which facilitated millions of Paycheck Protection Program loans, flouted rules and themselves collected improper loans, investigators said.

A rule change planned for early next year would shift liability for some losses onto the banks, not their customers.

The decision comes days after the government temporarily stopped accepting applications for the debt relief because of legal challenges.

The ruling adds to the legal obstacles the president faces in his plan to cancel up to $20,000 per borrower in federal student loan debt.

A lengthy set of rule changes will reduce the total cost for many federal student loan borrowers and ease rules for debt elimination.

Loan servicers are overwhelmed with calls from applicants seeking to meet an Oct. 31 deadline for taking advantage of temporary changes to a long-troubled aid...

A federal appeals court temporarily halted President Biden’s debt relief plan, preventing the government from moving forward with the debt cancellation it had said could...

The decision, expected to be appealed, could upend every regulation and enforcement action the bureau has issued.

The Education Department said it was “beta testing” a form that it intends to use to eliminate millions of federal student loans.

The bank’s earnings took a $2 billion hit, bringing its profit down to $3.5 billion in the third quarter.