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Student Loan Servicers Face CFPB Challenges
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Overview
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CFPB highlights challenges faced by student loan borrowers, including long call wait times, processing delays, and potential violations of consumer protection law by loan servicers.
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How could the potential violations by loan servicers affect consumer trust and confidence in the student loan market?
How might the challenges faced by student loan borrowers impact the overall student loan industry?
What measures can loan servicers take to address the identified issues and comply with consumer protection law?
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