Student Loan Servicing Class Actions: Forbearance Suits
Right now, U.S. student loan debt totals $1.7 trillion. 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 settlement. The CFPB also has a $120 million settlement with Navient. These deals give borrowers…
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