The Consumer Financial Protection Bureau issued a bulletin detailing student loan servicers’ obligations to halt unlawful conduct related to borrowers’ eligibility and benefits under the Public Service Loan Forgiveness Waiver.
February 22, 2022 / By ICBA
The Consumer Financial Protection Bureau issued a bulletin detailing student loan servicers’ obligations to halt unlawful conduct related to borrowers’ eligibility and benefits under the Public Service Loan Forgiveness Waiver.
Details: The bulletin recommends actions servicers should consider taking to ensure they do not misrepresent borrower eligibility or make deceptive statements to borrowers about the PSLF program and the waiver.
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
