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- Claim Text
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CFPB supervision uncovered institutional loan contracts with provisions that would allow schools to illegally withhold students’ academic transcripts or access to classes and other education services in the case of default.
- Simplified Text
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Institutional loan contracts allow schools to illegally withhold academic transcripts or access to classes in case of default according to CFPB supervision
- Confidence Score
- 1.000
- Claim Maker
- The author
- Context Type
- News Article
- Context Details
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{ "date": "2024-12-16", "issue": "Academic Transcripts", "subject": "Student Loans", "organization": "CFPB" } - Subject Tags
- UUID
- 9fdb0810-f761-42be-a0f5-621d201bdb26
- 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)
Original Sources for this Claim (1)
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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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