Wednesday, November 2, 2016

CFPB: Student Loan Servicers’ Errors, Inaction Harmful to Borrowers

A new report from the Consumer Financial Protection Bureau found that some servicers of federal student loans are denying borrowers access to income-driven repayment plans or failing to approve those applications. The Fall 2016 Supervisory Highlights report released Monday — the 13th annual overview of recent work conducted by the federal agency — covers federal...


from NerdWallet
https://www.nerdwallet.com/blog/loans/student-loans/cfpb-student-loan-servicers-errors-inaction-harm-borrowers/

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