The brand new agencies referenced kickback plans regarding the middle-2000s where universities was indeed incentivized to get children into specific funds
Dive Brief:
- The user Monetary Defense Bureau will study operations from the colleges that give individual financing directly to pupils, it said Thursday.
- Brand new CFPB try upgrading the exam tips to consider a good group of funds often called institutional student loans. They’re not typically connected to the fresh U.S. Agency of Education’s government education loan program but are supplied by colleges by themselves.
- Colleges and other postsecondary degree company stretching credit lines so you’re able to family haven’t gotten a similar origination and repair oversight since the other loan providers, depending on the CFPB. (más…)
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The brand new agencies referenced kickback plans regarding the middle-2000s where universities was indeed incentivized to get children into specific funds