National Collegiate Student Loan Trusts
Enforcement, Student Loans, Debt Collection
In September 2017, the CFPB sued National Collegiate Student Loan Trusts for “aggressively suing students for debts that they allegedly couldn’t prove were legitimate.” National Collegiate relied “on ‘false or misleading legal documents'” to sue students “and couldn’t prove that those being sued were the actual owners of the loans in dispute.” National Collegiate was ordered to pay over $19 million for its illegal debt collection practices.
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