CFPB, State AGs Settle With Private Lender; $330M of Student Loans to be Discharged
Account Recovery
SEPTEMBER 16, 2020
The Consumer Financial Protection Bureau, along with 48 attorneys general, have reached a settlement that will see the owner of $330 million in private student loans forgive all of that amount after being accused of engaging in unfair acts and practices in violation of the Consumer Financial Protection Act.
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