(Credit: Brian Jackson/Adobe Stock) CFPB Accuses Pa. Student Loan Companies of Stalling Thousands of Forbearance Requests During Pandemic
The complaint, which was filed in the U.S. District Court for the Middle District of Pennsylvania, marks a rare occurrence for the federal agency to file suit in the Keystone State, and comes after the bureau has intensified its scrutiny of the student loan industry.
May 08, 2024 at 10:56 AM
3 minute read
Financial Services and Banking
The Consumer Financial Protection Bureau has sued two student financial aid companies, alleging the groups failed to provide essential information to borrowers who had questions about their private student loans during the COVID-19 pandemic.
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