CFPB Projects that One-in-Three Rehabilitated Scholar Loan Borrowers Will Re-default Within Two Years
WASHINGTON, D.C. — Today the customer Financial Protection Bureau (CFPB) education loan Ombudsman released a written report projecting that more than the following 2 yrs, one-in-three rehabilitated student loan borrowers could possibly be driven back in standard as a result of gaps between education loan programs. The report examines commercial collection agency and servicing issues…