Student Loan Servicing Class Actions: Forbearance Suits, Debt Relief Claims, and CFPB Litigation Under Federal Laws
Right now, U.S. student loan debt totals $1.7 trillion. More than 45 million borrowers owe this money, per 2023 SEMrush and Federal Reserve reports. This has led to tons of group lawsuits against student loan management companies. Some of these legal cases have large, costly settlements. For example, Wells Fargo has a proposed $185 million…