Sentence examples for failing borrowers from inspiring English sources

"If they're failing borrowers who are trying to repay their debts, we shouldn't be giving them taxpayer dollars".

The CFPB's report lays bare several ways in which student loan servicers are failing borrowers and lenders -- and taxpayers when it comes to federal loans -- and unnecessarily putting distressed borrowers at greater risk of default.

Consumer advocates blame the department's loan contractors, which collect monthly payments and counsel borrowers on repayment, for failing to inform borrowers of their options.

In December, the first subprime lenders started failing as more borrowers began falling behind on payments, often shortly after they received the loans.

But with seven in 10 borrowers failing to have a repayment plan in place, the banks were accused of irresponsible lending.

An Obama administration program aimed at slowing foreclosures has prolonged trouble, say some economists, by failing to relieve borrowers of unsustainable debt burdens or making transparent the extent of losses yet to be confronted by the financial system.

Bank of America said recently that it was putting owners in danger of foreclosure into payment plans that were supposed to be affordable — but that a third of the borrowers were failing to pay anyway.

As part of its effort to make sure members of the military get fair financial treatment, the Consumer Financial Protection Bureau has ordered U.S. Bank and an affiliated company to refund $6.5 million to thousands of borrowers for failing to fully disclose some costs and fees under the automobile lending program.

Her mortgage modification program became a template for a larger federal effort but has faced scrutiny for failing to permanently keep more borrowers in their homes.

Wonga, a local rival which has expanded overseas, was reprimanded for failing to assess properly whether borrowers could afford their loans.The demand for easy money is part of the problem, says Paul Slot, president of Debt Counsellors Association of South Africa: "There are consumers who simply do not know how to say no".

In December, a consortium of student groups, colleges and teachers criticized the Education Department for failing to ensure that student borrowers are granted basic consumer protections.