Student advocates add that inconsistent treatment across professional programs sends mixed signals. If the federal rule ...

The report goes on to say that the Department of Education initially estimated that the federal student loan program would generate $114 billion in extra income for the government and, thereby, ...

The Securities and Exchange Commission has released a staff accounting bulletin that revises and rescinds some of the rules for written loan commitments to make them more consistent with recent ...

A new report from the Government Accountability Office details a breathtaking discrepancy between what the federal government claimed the student loan program would generate, and what it actually ...

Learn how Repo 105 allowed Lehman Brothers to hide debt during the financial crisis, what this accounting tactic involved, and how it prompted regulatory changes.

Established, young professionals are still saddled with student loan debt, delaying major life events, according to a new poll of CPAs. Processing Content The New Jersey Society of CPAs recently ...

“US Mortgage Corporation performed an extensive analysis of its options for new accounting software before joining the Loan Vision family. This was a big decision for them,” said Martin Kerr, ...

The next phase will be obtaining loan forgiveness and that requires several accounting considerations, starting with how a business should record the proceeds from PPP. Essentially, there are two ways ...

(Reuters) - The top U.S. securities regulator has questioned Wells Fargo & Co over its accounting for a roughly $20 billion portfolio of troubled loans. In a letter sent in September that became ...

In the U.S., there are accounting standards known as Generally Accepted Accounting Principles (GAAP). They are the accounting standards used for all businesses in this country and provide principles ...

Banks received a reprieve on Tuesday from a new accounting rule that requires them to book losses on soured loans more quickly. The Federal Deposit Insurance Corp. approved a measure, proposed in ...