Relevant:
- Private Student Loans: The Subprime Mortgages of the College WorldÂ
- Consumer agency takes aim at mortgage servicers, payday-loan firms
- Consumer Financial Protection Bureau Trots Out Mortgage Servicer Rules To Curb Abuses
- Consumer Financial Protection Bureau Trots Out Mortgage Servicer Rules To Curb Abuses
- Another Way Student Loans Are Like Mortgages: Subpar Servicing
2012-10-16 — huffingtonpost.com
The private student loan industry smells a lot like the subprime mortgage industry: Dead ends, runarounds and few live customer service representatives to speak with. The same tactics that mortgage borrowers have faced are now happening for student loan borrowers, according to a new report from the Consumer Financial Protection Bureau.
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