Skip to content
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Bureau IDs Unfair, Deceptive Student Loan Servicer Practices
Looking to read the full article? Register for free access to IMFnews content today!

Bureau IDs Unfair, Deceptive Student Loan Servicer Practices

November 10, 2014
CFPB examiners have identified a number of unfair or deceptive acts or practices on the part of an unspecified number of bank and nonbank servicers of federal and private student loans, according to the latest supervisory highlights report released recently by the bureau. One problematic practice involved “one or more supervised entities” allocating partial payments in a way that maximizes late fees. CFPB examiners have reviewed how servicers allocate payments when a borrower pays less than the total amount due on all of the loans in the borrower’s account, according to the report. “Examiners found that partial payments were being allocated proportionally ... among all the loans, resulting in all of the loans in a borrower’s account becoming delinquent,” said ...
News Inside the CFPB Enforcement Regulation Supervision & Examination Non-Mortgage Regulation Student Loans
Purchase this article for $55.00
Subscribe To The Newsletter

Latest Imf News

  • Ginnie Gains More Servicing Share During First Quarter

  • Fed’s Warsh Unlikely to Drive Down Interest Rates on Mortgages

  • CFPB Rescinds 2020 Opinion on Special Purpose Credit Programs

  • New Investors Entering Market for Non-Agency MBS

More Imf News

Featured Data

  • Ginnie Issuance Down in May as Refis Slump

  • Jumbo Servicing Volume Bumps Higher in 1Q

  • Non-Agency Jumbo Lending Drops in First Quarter

  • REITs Boost MBS Holdings, AGNC Rises to Top Investor

More Featured Data

Featured Reports

  • GSE Repurchase Activity: Cumulative Through Fourth Quarter 2025 (PDF Format)

  • Agency Channel Analysis: 1Q26 (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

  • IMF HMDA Dashboard: 2025

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy/Terms
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
    • E-mail Newsletters
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2026 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing