Private student lending industry ripped in CFPB report

A report from the CFPB found private student loan borrowers are often confused by the terms and conditions of their loans and are frequently “given the runaround” by their loan servicers. The report likens issues in the student lending market to those the agency is working to address in the mortgage servicing industry. Read on to learn what policy steps the CFPB may be considering in response to the study.