Burr & Forman

07.13.2018   |   Articles / Publications

Pratt’s Journal of Bankruptcy Law: Consumer Financial Protection Bureau Sets Its Sights on Student Loan Servicers

In an article published in the July / August 2018 issue of Pratt’s Journal of Bankruptcy Law, David Elliott and Parris Bell discuss student loan servicers. Student loan servicers act as the connectors between originators and borrowers, and these servicers engage in the day-to-day management of borrowers’ loans. When complaints are filed from borrowers who have objections regarding student loan accounts, servicers fall victim to these issues. Elliott and Bell explain, “Once the Consumer Financial Protection Bureau has received a sufficient number of complaints, it often will bring an enforcement action pursuant to its supervisory authority over the field”. This article focuses on the Bureau’s enforcement actions in the student loan servicing market.

Download the article “Consumer Financial Protection Bureau Sets Its Sights on Student Loan Servicers” written by David A. Elliott and Parris M. Bell.

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