In a new report from the Consumer Financial Protection Bureau, the agency says it received more than 20,000 complaints from student loan borrowers regarding loan servicing problems, and that actions the CFPB has taken have provided more than $750 million in relief for borrowers.
The details come in the wake of the Department of Education ending a memoranda of understanding with the CFPB, in part because the bureau did not refer complaints to the Education Department.
Read on for more details of the CFPB’s report.
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