Multiple loan companies were found to have engaged in illegal acts surrounding student loans and mortgages, the U.S. Consumer Financial Protection Bureau announced on Tuesday.
According to MSNBC, “The CFPB found that some student loan servicers inflated minimum payments due, made illegal debt collection calls or charged unlawful late fees, even after borrowers had made payments during the grace period.”
The report did not name the companies in question, however.
Image via flickr/401(K) 2012
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