CFPB Issues Advisory to Help Consumers Provide Instructions to Servicers on Payments
WASHINGTON, D.C.—(ENEWSPF)—October 16, 2013. Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report analyzing complaints the CFPB has received from private student loan borrowers. According to the report, private student loan borrowers face payment processing pitfalls that can lead to increased costs, prolonged repayments, and harm to their credit profiles. The CFPB is also issuing a consumer advisory today…
