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- Claim Text
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Lenders also inaccurately claimed certain borrowers were ineligible for autopay discounts or falsely advertised to borrowers that they could suspend their loan payments if they lost their job but later eliminated this benefit.
- Simplified Text
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Lenders inaccurately claimed borrowers ineligible for autopay discounts or falsely advertised loan payment suspension for job loss
- Confidence Score
- 1.000
- Claim Maker
- The author
- Context Type
- News Article
- Context Details
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{ "date": "2024-12-16", "issue": "Loan Payment Suspension", "subject": "Student Loans" } - Subject Tags
- UUID
- 9fdb080d-3986-4dee-a488-5089f236756f
- Vector Index
- ✗ No vector
- Created
- September 11, 2025 at 10:46 PM (3 days ago)
- Last Updated
- September 11, 2025 at 10:46 PM (3 days ago)
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3 days ago
https://www.consumerfinance.gov/about-us/newsroom/cfpb-uncovers-illegal-practices-across-student-loan-refinancing-servicing-and-debt-collection/
The CFPB found widespread illegal activities in student loan refinancing, servicing, and debt collection, including misleading borrowers and denying benefits. The agency is taking action to address these violations.
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