CFPB scholar Loan Ombudsman features FFELP loans in 4th report that is annual

CFPB scholar Loan Ombudsman features FFELP loans in 4th report that is annual

The CFPB circulated its fourth Annual Report regarding the education loan Ombudsman speaking about complaints gotten by the CFPB about personal and federal figuratively speaking together with classes drawn by the Ombudsman from those complaints. (The report ended up being given by Seth Frotman, who’s currently serving as Acting scholar Loan Ombudsman following the departure of Rohit Chopra this June that is past. The report is dependent on the CFPB scholar Loan Ombudsman’s analysis of around 6,400 personal education loan associated complaints and 2,700 commercial collection agency complaints associated with personal and federal figuratively speaking submitted to your CFPB from October 1, 2014 to September 30, 2015. (This will continue to express a complaint that is exceedingly low because of the an incredible number of personal student education loans outstanding. )

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