California Department of Business Oversight Sues Student Loan Servicer PHEAA/FedLoan
April 03, 2020
April 03, 2020
SACRAMENTO, California, April 3 -- The California Department of Business Oversight issued the following news release:
Challenging industry claims that federal student loan servicers are largely exempt from state regulation, the California Department of Business Oversight (DBO) has filed a lawsuit to force the nation's second largest student loan servicer to comply with California's law to protect the state's 4 million student loan borrowers.
The lawsuit, submitted April . . .
Challenging industry claims that federal student loan servicers are largely exempt from state regulation, the California Department of Business Oversight (DBO) has filed a lawsuit to force the nation's second largest student loan servicer to comply with California's law to protect the state's 4 million student loan borrowers.
The lawsuit, submitted April . . .