CFPB Review: Is Student Loan Relief at Risk?

Quick Answer: The CFPB report shows student loan relief efforts remain active, generating over $750 million in borrower relief through complaint-driven reforms including servicemember interest rate reductions and elimination of auto-defaults. However, with 20,000+ complaints received last year, widespread servicing problems persist despite these consumer protection gains.The Consumer Financial Protection Bureau (CFPB) yesterday released a …

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