CFPB proposes $2.25 million compensation for private student loan borrowers
The CFPB has proposed a $2.25 million compensation for borrowers against the National Collegiate Student Loan Trusts for improper debt collection practices. The judgment, pending approval, requires dismissing lawsuits tied to undocumented or time-barred debts and emphasizes refunds and other relief for affected consumers.
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The CFPB has proposed a $2.25 million compensation for borrowers against the National Collegiate Student Loan Trusts for improper debt collection practices. The judgment, pending approval, requires dismissing lawsuits tied to undocumented or time-barred debts and emphasizes refunds and other relief for affected consumers. 
