personal student education loans comprise about $100 billion of most outstanding figuratively speaking.

personal student education loans comprise about $100 billion of most outstanding figuratively speaking.

Wells Fargo to cover $3.6 Million Penalty towards the Bureau

Washington, D.C. The customer Financial Protection Bureau (CFPB) today took action against Wells Fargo Bank for unlawful personal education loan servicing methods that increased expenses and unfairly penalized particular education loan borrowers. The Bureau identified breakdowns throughout Wells Fargo’s servicing process including neglecting to offer crucial re re re payment information to customers, charging you customers unlawful costs, and failing continually to upgrade credit report information that is inaccurate.

Read morepersonal student education loans comprise about $100 billion of most outstanding figuratively speaking.