Discover’s Illegal Servicing Practices Affected Private Student Loan Borrowers Transferred from Citibank
WASHINGTON, D.C. —(ENEWSPF)—July 22, 2015. Today the Consumer Financial Protection Bureau (CFPB) took action against Discover Bank and its affiliates for illegal private student loan servicing practices. The CFPB found that Discover overstated the minimum amounts due on billing statements and denied consumers information they needed to obtain federal income tax benefits. The company also engaged in illegal debt collection tactics, including calling…
