Student Loans

BCFP Stops Publishing Report on Student Loan Complaints

For the first time in six years, the Bureau of Consumer Financial Protection has apparently elected not to issue a statutorily mandated report analyzing complaints related to student loans filed by individuals, according to a published report.  The agency is required to submit the report on the same day to …

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Student Loan Debt Continues to Explode

The amount of unpaid student loan debt in the United States has doubled in the past 10 years and now stands at $1.465 trillion, a new record.  Individuals who took out a student loan in 2012, though, are having a much harder time making their payments that individuals who took …

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Former BCFP Student Loan Official Starts Group To Push For More Enforcement Against Servicers, Collectors

The former individual overseeing student lending at the Bureau of Consumer Financial Protection has launched his own consumer protection organization, and one of the group’s initiatives will be to push cities and states to more aggressively enforce consumer protection laws against debt collectors. Seth Frotman resigned as the BCFP’s student …

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