= Subscriber content; log in or subscribe now to access all American Banker content.
Bloomberg News
"Today's rule affects one out of every five households in this country" CFPB Director Richard Cordray said.

CFPB Tightens Supervision of Student Loan Servicers

Under a rule released Tuesday, the CFPB will begin examining any nonbank servicer that handles more than one million student loan borrowers a category that currently includes seven firms and accounts for 70% of the market.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.