CFPB Examiners to Verify that Student Lenders are Following the Law
WASHINGTON, D.C.—(ENEWSPF)—December 17, 2012. Today, the Consumer Financial Protection Bureau (CFPB) published the procedures it will use in examining student lenders. The Student Lending Examination Procedures are an extension of the CFPB’s General Supervision and Examination Manual and will be used as a field guide by CFPB examiners to ensure that private student lenders comply with federal consumer financial laws.
“For many borrowers,…
