A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
Student loan borrowers could get some wiggle room when it comes to repaying private loans, thanks to two new proposals in the Senate banking bill.
The provisions in the bill would adjust how private student loan lenders treat the death or bankruptcy of co-signers, as well as how defaults are reported on a borrower's credit report.
The changes would have positive results for borrowers, student loan experts said.
"It's bipartisan, so this legislation is probably going to move," said Mark Kantrowitz, a student loan expert and publisher at the website Private Student Loans Guru.
The first proposal makes it so that a lender cannot declare default or accelerate a private education loan when a co-signer of the loan dies or declares bankruptcy.
In addition, when the student dies, the private loan lender will be obligated to release the co-signer from the debt, if any remained.
Those new rules would only apply to private loan agreements made at least 180 days after the bill is passed.
"From a fairness perspective, it makes sense to make this no longer an option for future private student loans," said Betsy Mayotte, founder and president of The Institute of Student Loan Advisors.
Mayotte said she has seen cases where a lender has accelerated a loan in order to make a co-signer's estate liable.
Lenders do have choices in terms of how they enforce these rules, Mayotte said. Anyone who takes out a private student loan, particularly those who need a co-signer, should read the promissory notes carefully, she said.
The bill also proposes that lenders make it easier for borrowers to get a one-time removal of a default on their loan from their credit report.
That is if the financial institution offers a loan rehabilitation program whereby a borrower demonstrates the ability to make timely monthly payments and the ability to repay the loan.
Under the terms of the proposal, the lender would have to meet certain requirements in order for the loan rehabilitation program to be considered valid. A borrower would only be able to use this option once per loan.
While there is currently no requirement for lenders to provide rehabilitation programs, it is often possible to negotiate with them to clean up your record in exchange for resuming payments on the loan, Kantrowitz said.
"There's no formal requirement that lenders provide rehabilitation, but it is one of the informal things that happens in practice," he said.
Many borrowers make the mistake of not trying to work with lenders to alleviate issues when they arise, according to Kantrowitz.
"Too often borrowers don't talk to the lender," he said. "They don't explore options for avoiding default."
If you are struggling to repay your student loans, call your lender and evaluate your options, Kantrowitz suggested.
You may be able to obtain a forbearance, which can suspend your obligation to make loan payments in the short term, though interest will continue to accrue.
You may also want to consider switching to a different payment plan, which can lower your monthly payments, though it will extend the length of the loan and consequently increase the interest you pay.
More from Personal Finance:
Senate banking bill would make credit freezes free
Dear parents, your kid doesn't really care how much college costs
The top 10 private colleges with generous financial aid packages