September 18, 2017

The CFPB took action against the National Collegiate Student Loan Trusts and their debt collector, Transworld Systems, Inc., for illegal student loan debt collection lawsuits. The Bureau ordered National Collegiate Student Loan Trusts to pay at least $19.1 million. It also ordered Transworld Systems, Inc. to pay a $2.5 million civil money penalty. CFPB

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