Private Student Loan Creditor Fined $21.6 Million For Invalid Lawsuits

Last Monday, the Consumer Financial Protection Bureau (CFPB) fined National Collegiate Student Loan Trusts, and its debt collector, Transworld Systems, for going after students for debts aggressively without having proper documentation. Moreover, they were going after people for debts that they couldn’t prove were owed or the debts themselves were [...]