The Consumer Financial Protection Bureau issued a bulletin detailing student loan servicers’ obligations to halt unlawful conduct related to borrowers’ eligibility and benefits under the Public Service Loan Forgiveness Waiver.
CFPB issues student loan servicer notice on loan forgiveness
February 22, 2022 / By ICBA
The Consumer Financial Protection Bureau issued a bulletin detailing student loan servicers’ obligations to halt unlawful conduct related to borrowers’ eligibility and benefits under the Public Service Loan Forgiveness Waiver.
The Consumer Financial Protection Bureau issued a bulletin detailing student loan servicers’ obligations to halt unlawful conduct related to borrowers’ eligibility and benefits under the Public Service Loan Forgiveness Waiver.
Details: The bulletin recommends actions servicers should consider taking to ensure they do not misrepresent borrower eligibility or make deceptive statements to borrowers about the PSLF program and the waiver.
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