CFPB Examiners Uncover Illegal Auto Defaults of Student Loans and Other Violations
WASHINGTON, D.C. –(ENEWSPF)–March 8, 2016. Today the Consumer Financial Protection Bureau (CFPB) released its latest supervision report where the exams of banks and nonbanks resulted in the remediation of $14.3 million to approximately 228,000 consumers. In its examinations covering the last months of 2015, the Bureau found violations in the student loan market, including illegal automatic defaults by student loan servicers and illegal…
