Sentences with phrase «nonbank student»

The CFPB's rule subjects any nonbank student loan servicer that handles more than one million borrower accounts to CFPB supervisory authority.

This rule makes sure that both bank and larger nonbank student loan servicers are held accountable for how they treat consumers.

[sociallocker id =» 61867 ″] Nonbank student loan servicers, regardless of size, continue to be subject to the Bureau's enforcement jurisdiction.

Combined, those seven are responsible for more than 70 percent of the activity in the nonbank student loan servicing market.

Earlier this year, the CFPB proposed a rule defining larger participants in the nonbank student loan servicing market.

Today the Consumer Financial Protection Bureau (CFPB) announced they will begin supervising nonbank student loan servicers...

Not exact matches

The Bureau will ensure that banks and nonbanks are following the same rules in the student loan servicing market.