CFPB Takes Action Against Student Loan Debt Collector Performant Recovery for Illegal Fee Generating Scheme That Cost Borrowers Thousands of Dollars
December 09, 2024
December 09, 2024
WASHINGTON, Dec. 9 -- The Consumer Financial Protection Bureau issued the following news release:
Today, the Consumer Financial Protection Bureau (CFPB) took action to address unlawful student loan debt collection practices by Performant Recovery, Inc. against defaulted borrowers. The CFPB found that Performant delayed borrowers' loan rehabilitation processes, generating fees for itself and costing individual borrowers thousands of dollars. The CFPB's order requires Perfor . . .
Today, the Consumer Financial Protection Bureau (CFPB) took action to address unlawful student loan debt collection practices by Performant Recovery, Inc. against defaulted borrowers. The CFPB found that Performant delayed borrowers' loan rehabilitation processes, generating fees for itself and costing individual borrowers thousands of dollars. The CFPB's order requires Perfor . . .