A new lawsuit filed by the CFPB in a California federal district court alleges that the defendants, a company and its individual owner, are engaged in a nationwide student financial aid scam. In addition to injunctive relief, the complaint seeks …
financial aid
What did the CFPB hear about its student loan shopping sheet?
By John L. Culhane, Jr. on
Posted in Regulatory and Enforcement, Student Loans
Last week, the CFPB released to the public a memo it had sent to consumers and industry members who participated in its “Know Before You Owe” student loan project reporting on the feedback it received. The project, described as the …
Student loans get the “Know Before You Owe” treatment
By John L. Culhane, Jr. on
Posted in CFPB General, Regulatory and Enforcement
Recycling the “Know Before You Owe” theme of its mortgage loan disclosure project, the CFPB has launched a new student loan project on its web site which it describes as the product of a partnership between the CFPB and the …