Consumer Watchdog Highlights Military Borrowers' Problems With Loan Servicers

July 8, 2015
  • Industry News

A report released on Tuesday by the Consumer Financial Protection Bureau highlights continuing problems that military borrowers face when interacting with student-loan servicers.

The federal agency’s report comes two months after the Education Department clearedstudent-loan servicers following a yearlong investigation of their treatment of military borrowers. Holly Petraeus, the bureau’s assistant director for service-member affairs, said in a conference call on Tuesday that the report "documents detours and dead ends for military borrowers."

Read more at The Chronicle of Higher Education: http://chronicle.com/blogs/ticker/consumer-watchdog-highlights-military-borrowers-problems-with-loan-servicers/101635