Delaying borrowers’ loan rehabilitation processes, generating fees for itself and costing individual borrowers thousands of dollars has earned a Florida-based student loan debt collector an order to pay a $700,000 penalty and be banned from […]
A California firm and its owner would be banned from providing consumer financial products after allegedly charging unlawful upfront fees to borrowers for accessing otherwise “free” debt relief programs, the federal consumer financial protection agency […]
Deceiving students about the cost of loans and making false claims about graduates’ hiring rates have led to a consent order and a civil money penalty (CMP) against a San Francisco-based, for-profit vocational school and […]
Payments to consumers from a $3.5 million settlement reached three years ago over the charging of illegal fees charged to ostensibly reduce or eliminate federal student loans are being sent as of Thursday, the federal […]
The decline in complaints it received related to private or federal student loans from Sept. 1, 2019, to Aug. 31, 2020, continued a trend from 2017 but is not likely attributable to just one factor, […]
A proposed stipulated judgment to forgive $330 million in student loans was filed Tuesday by the federal consumer financial protection agency, along with several states, against a student loan company and one of the largest […]
Millions of dollars in fines against a Florida company for charging illegal fees to consumers to purportedly relieve them of their federal student loan payments will be reduced to just a fraction of that under […]
A new “coordination” agreement that provides for information sharing and the sharing of complaint data analysis, recommendations, and analytical tools regarding student loans was signed Jan. 31 by the Consumer Financial Protection Bureau (CFPB) and […]
Credit products – including credit cards and non-mortgage lending items such as student loans – were the most-commonly complained about products in inquiries received by the ombudsman’s office of the federal consumer financial protection agency, […]
The agency charged with consumer financial protection handled approximately 20,600 complaints related to private or federal student loans from Sept. 1, 2017, through Aug. 31, 2019, according to the first student loan ombudsman annual report […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info