CFPB Finds 90 Percent of Private Student Loan Borrowers Who Applied for Co-Signer Release Were Rejected JUN 18, 2015 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email Industry Inquiry Reveals Problems for Consumers Seeking to Prevent Auto-Defaults WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) Student Loan… Read More

FTC Charges Data Brokers with Helping Scammer Take More Than $7 Million from Consumers’ Accounts Sold Personal Financial Information Obtained from Online Payday Loan Applications FOR RELEASE August 12, 2015 TAGS: Bureau of Consumer Protection Consumer Protection Credit and Finance Payments and Billing Consumer Privacy The Federal Trade Commission has charged a data broker operation… Read More

Disclosure in Navient’s SEC filings: On August 19, 2015, Navient Solutions, Inc. (“NSI”), a wholly-owned subsidiary of Navient Corporation (the “Company,” “we” or “us”), received a letter from the CFPB notifying NSI that, in accordance with the CFPB’s discretionary Notice and Opportunity to Respond and Advise (“NORA”) process, the CFPB’s Office of Enforcement is considering recommending… Read More

Please contact us if one of the National Collegiate Student Loan Trusts (“NCT”) is trying to collect a loan from you in Illinois, whether by lawsuit or dunning you. The servicer of the NCT loans, Transworld Systems, Inc. (formerly NCO Financial Services), is under federal investigation for its handling of these loans. About 125 lawsuits… Read More

Please contact us if any of the following companies has accessed your credit report: Credit One Bank Granite Asset Management Resurgence Sherman Financial Group… Read More