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

Categorized | STOP FORECLOSURE FRAUD

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

Posted on16 October 2012.

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

Shelley Erickson says:

10/17/2012 at 1:50 pm

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

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Categorized | STOP FORECLOSURE FRAUD