The Consumer Financial Protection Bureau (CFPB) has released a special edition of Supervisory Highlights on recent examination findings covering the practices of student loan servicers, and schools that lend to students directly.
The bureau said its exams found these schools had improper blanket policies of withholding transcripts to force students to make payments. The findings come after the CFPB announced earlier this year it would examine the operations of colleges that operate lending businesses.
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