On December 3, the CFPB issued a rule that allows it to supervise certain nonbank student loan servicers. The CFPB estimates that it will have authority to supervise the seven largest student loan servicers. Press Release. Rule.
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.
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