Sallie Mae and other large student-loan servicers – the companies that act as a go-between for borrowers and lenders – will soon be getting some regular oversight from the Consumer Financial Protection Bureau, the watchdog agency announced this week. ProPublica and others have long documented student borrowers’ troubles with the companies that
After Years of Troubles, Largest Student-Loan Servicers Get Stepped-up Oversight
After a “recent uptick in delinquency rates” student-loan servicers will soon be getting regular oversight from the Consumer Financial Protection Bureau.