The CFPB reviewed federal student loan servicing practices since required repayments have resumed.
News & Insights
The SEC Division of Corporation Finance granted no-action relief to a bank holding company from being considered an "ineligible issuer" under the definitions section of Securities Act rules on registration statements and prospectuses.
The CFPB warned student loan servicers against attempting to collect on private student loans that had been discharged in bankruptcy.
The CFPB highlighted findings from supervisory examinations completed between January 2022 and June 2022.
The CFPB filed a Complaint against a payday lender, alleging that the company (i) concealed the option of a free repayment plan to consumers struggling to repay their short-term, high-cost loans and (ii) "made electronic withdrawals of consumers’ money without their authorization."