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Thousands of people who have been sued over past-due education debt are set to receive restitution from a $21.6 million government settlement with one of the largest owners of private student loans, National Collegiate Student Loan Trusts.
On Monday, the Consumer Financial Protection Bureau (CFPB) said National Collegiate and its debt collector, Transworld Systems Inc. (TSI), filed lawsuits that relied on false or misleading legal documents. Those cases often involved the collection of debt that the company could not prove that it owned or that consumers owed, according to the CFPB complaint.
Why do we need something like the Consumer Financial Protection Bureau? Because of assholes like these. Chalk up a win for the good guys.
https://www.washingtonpost.com/news...t-collection-lawsuits/?utm_term=.13e74a5f6251