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Student loans

Consumer Financial Protection Bureau (CFPB)
National

CFPB Shines a Spotlight on Troubling Student Loan Servicing Practices Amid Payment Resumption

January 7, 2024January 7, 2024 - by Maryann Pugh

The Consumer Financial Protection Bureau (CFPB) has recently issued a spotlight on its oversight of student loan servicing practices, revealing alarming trends as federal student loan repayments resume after a …

CFPB Shines a Spotlight on Troubling Student Loan Servicing Practices Amid Payment Resumption Read More

Debt
Pennsylvania

Attorney General Wipes Out $218K in Student Debt After Pittsburgh Career Institute Closure

January 4, 2024January 4, 2024 - by Maryann Pugh

PENNSYLVANIA — In a significant victory for dozens of students left in the lurch by the sudden closure of Pittsburgh Career Institute (PCI), Pennsylvania Attorney General Michelle Henry announced on …

Attorney General Wipes Out $218K in Student Debt After Pittsburgh Career Institute Closure Read More
Consumer Financial Protection Bureau Requests Information on the Impact of the CARD Act Regulations on Small Entities and the Consumer Credit Card Market
National

College-Sponsored Financial Products Often Carry High Fees, CFPB Report Reveals

December 26, 2023December 23, 2023 - by Maryann Pugh

A recent report by the Consumer Financial Protection Bureau (CFPB) has unveiled concerning details about college-sponsored financial products. The study found that many of these products, often recommended to students …

College-Sponsored Financial Products Often Carry High Fees, CFPB Report Reveals Read More

Consumer Financial Protection Bureau (CFPB)
National

Prehired Ordered to Pay Over $30 Million in Relief for Deceptive Practices and Illegal Loans

November 27, 2023November 26, 2023 - by Maryann Pugh

The Consumer Financial Protection Bureau (CFPB) along with 11 states recently announced a decisive enforcement action against Prehired, a Delaware-based company offering a 12-week online training program. The company is …

Prehired Ordered to Pay Over $30 Million in Relief for Deceptive Practices and Illegal Loans Read More

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