CFPB Report on Student Loan Servicing Shows Same Predatory Tactics as Mortgage Servicing | FDL News Desk

CFPB Report on Student Loan Servicing Shows Same Predatory Tactics as Mortgage Servicing | FDL News Desk:

CFPB Report on Student Loan Servicing Shows Same Predatory Tactics as Mortgage Servicing

by David Dayen

(photo: Kyle James / wikimedia)

The Consumer Financial Protection Bureau released an eye-opening report on student lending late last week that got me thinking about a simple truth I think I had overlooked previously. I’ve documented for well over a year the extent to which mortgage servicers make their profits almost entirely through ripping off their customers, adding