Groups urge CFPB to root out discrimination in student-loan servicing

 

Source: Danielle Douglas-Gabriel, Washington Post ( Paid Registration )

Civil rights organizations are urging the director of the Consumer Financial Protection Bureau to step up oversight of the student-loan servicing industry and root out discrimination.

It has been two years since the bureau identified student-loan servicing as posing substantial risk of credit discrimination and pledged further investigation into disparate outcomes for borrowers.  But recent evidence suggests the bureau is no longer receiving or pursuing the information and has quietly abandoned its pledge to prioritize the fair-lending issue.

Read Full Article: Groups urge CFPB to root out discrimination in student-loan servicing

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