Consumer Financial Protection Bureau Finds Student, Mortgage Lenders Have 'Uncanny Resemblance'

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Consumer Financial Protection Bureau Finds Student, Mortgage Lenders Have ‘Uncanny Resemblance’

Consumer Financial Protection Bureau Finds Student, Mortgage Lenders Have ‘Uncanny Resemblance’

Any and ALL loans out there resemble FRAUD.

How about Credit Cards? Take a look here: CHASE BANK v. GERGIS | NY Civ. Court “ROBO-TESTIMONY, WAMU, CREDIT-CARD DEBT” Dismissed w/ PREJUDICE


HuffPO-

The private student loan industry smells a lot like the subprime mortgage industry: Dead ends, runarounds and few live customer service representatives to speak with. The same tactics that mortgage borrowers have faced are now happening for student loan borrowers, according to a new report from the Consumer Financial Protection Bureau.

The government watchdog on Tuesday released its annual report on student loans, including details from a database of complaints that opened to student loan borrowers in March.

“Student loan borrower stories of detours and dead ends with their servicers bear an uncanny resemblance to problematic practices uncovered in the mortgage servicing business,” CFPB student loan ombudsman Rohit Chopra said in a statement.

[HUFFINGTON POST]

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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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One Response to “Consumer Financial Protection Bureau Finds Student, Mortgage Lenders Have ‘Uncanny Resemblance’”

  1. AND REMEMBER THE THROWN UNDER THE TABLE LIBOR RATE RIGGING THAT SHOULD BY LAW VOID ALL CONTRACTS.

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