- The CFPB accused five student-debt relief companies of charging consumers unnecessary fees.
- As a result, 23,000 impacted borrowers may soon receive checks compensating them in the mail.
- The total distribution amount is approximately $19 million.
Thousands of student-loan borrowers might soon be getting some extra money in the mail.
On Monday, the Consumer Financial Protection Bureau (CFPB) announced that over 23,000 people who were charged “unlawful advance fees” by five student debt relief companies will receive a check in the mail from Epiq Systems a contractor with th…
Read the full article at: https://www.businessinsider.com/student-loan-borrowers-receiving-check-fraudulent-debt-relief-companies-cfpb-2022-12