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U.S. Consumer Financial Protection Bureau: Report on private student lending by CFPB ombudsman

( October 16, 2012, 04:01 GMT | Official Statement) -- MLex Summary: Student borrowers obtaining education loans from private firms complained "they are sometimes surprised by the terms and conditions of their loans, they are given the runaround by their loan servicer, and they have few options to refinance or modify repayment for a better deal," the U.S. Consumer Financial Protection Bureau's student loan ombudsman said in a report....

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