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Exams lead to remediation for private loan servicers’ unfair practices

Posted in Financial service providers, Policy and compliance, Student Loans, and Supervision

This content was originally published by the Consumer Financial Protection Bureau. We selectively syndicate content from them when we feel it may help you to better understand how to manage your finances.

The CFPB is taking action against private student loan servicers that fail to live up to their promises. Consumers rely on servicers execute on incentive programs and provide promised payment relief. When they don’t, the Bureau will hold them accountable.

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