Sentences with phrase «complaints against borrowers»
Technically it can't — Texas passed a law in 2012 specifically prohibiting lenders from filing criminal complaints against borrowers who can't pay back their loan.
https://www.finder.com/ Not exact matches
When that takes place, a borrower may have a reason to file a complaint against that lender through a myriad of places.
«Borrower Complaints Mount Against Company That Handles Billing For MEFA Student Loans,» Channel 4 News Boston, WBZ / CBS Local, October 3, 2016
Furthermore, additional complaints were lodged against Navient that should cause borrowers to closely inspect their loan terms and repayment amounts.
National Consumer Law Center v. U.S. Department of Education, April 19, 2018, Complaint and Press Release The National Consumer Law Center filed a lawsuit in the U.S. District Court for Massachusetts against the U.S. Department of Education for records related to its purported justification for delaying implementation of a rule to protect student loan borrowers from school fraud and abuse, including records of communications between agency officials and representatives of the for - profit college industry.
The complaints are echoed by borrowers across the country, according to a review of federal and state court lawsuits against reverse mortgage lenders.
But we must also consider the possibility that because borrowers are largely unprotected against potentially predatory lenders, these complaints are valid — and may be a sign of a coming scandal.
Specifically, the Inspector General found that the Department's Federal Student Aid office failed to monitor borrower complaints against its collection agencies and it neglected to take corrective action against those agencies when they did not improve.
Last week, the Federal Trade Commission (FTC) and the State of Florida filed a complaint against two companies charged with running debt relief schemes that targeted student loan borrowers.