CFPB scholar Loan Ombudsman features FFELP loans in 4th yearly report

CFPB scholar Loan Ombudsman features FFELP loans in 4th yearly report

The CFPB circulated its fourth Annual Report regarding the education loan Ombudsman speaking about complaints gotten because of the CFPB about personal and federal figuratively speaking therefore the classes drawn by the Ombudsman from those complaints. (The report ended up being released by Seth Frotman, that is currently serving as Acting scholar Loan Ombudsman following the departure of Rohit Chopra this previous June. ) The report is dependant on the CFPB scholar Loan Ombudsman’s analysis of around 6,400 student that is private associated complaints and 2,700 commercial collection agency complaints associated with personal and federal figuratively speaking submitted towards the CFPB from October 1, 2014 to September 30, 2015. (This will continue to express a complaint that is exceedingly low because of the scores of personal student education loans outstanding. )

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