On September 24, 2024, the Consumer Financial Protection Bureau (CFPB) Office of Servicemember Affairs released its 2023 annual report highlighting complaint trends submitted by active-duty ...
The government’s top consumer watchdog is banning Navient from federal student loan servicing and ordering the company to pay $120 million for alleged lending failures. The settlement announced ...
Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans. UNITED STATES - JUNE 14: Rohit Chopra, director of the CFPB, ...
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What Happens If Your Student Loan Servicer Changes?
The Department of Education issues Federal loans to students, but it doesn’t work with borrowers directly. Instead, it hires outside loan servicers to shoulder the administrative burden of educational ...
(Gray News) - Embattled loan servicer Navient has been banned from servicing federal student loans and must pay out millions of dollars as part of a new settlement. The agreement settles a lawsuit ...
A group of Democratic and left-leaning senators sent a letter to Education Secretary Miguel Cardona on Monday highlighting concerns they have on the upcoming changes to student loan services. The ...
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MOHELA Faces Multi-State Loan Servicing Probes
・Multiple state attorneys general and regulators are allegedly investigating MOHELA over loan servicing failures. ・States have expanded enforcement efforts, adopting borrower protection laws and ...
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