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- Claim Text
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CFPB examiners found that servicers misled borrowers about their right to challenge their loans and failed to properly consider most borrowers’ challenges to their loans based on school misconduct.
- Simplified Text
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Servicers misled borrowers about right to challenge loans and failed to properly consider challenges based on school misconduct according to CFPB examiners
- Confidence Score
- 1.000
- Claim Maker
- The author
- Context Type
- News Article
- Context Details
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{ "date": "2024-12-16", "issue": "Loan Challenges", "subject": "Student Loans", "organization": "CFPB" } - Subject Tags
- UUID
- 9fdb080f-0de2-4186-b7bb-3e6d0b3c6549
- 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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