Mr. Cordray said Thursday that the bureau had already seen evidence of problems in the market for private student loans. “One of the things we see and have seen is lenders who market loans for borrowers knowing that those borrowers are unlikely to be able to pay those loans,” Mr. Cordray said.
Mr. Cordray said Thursday that the bureau had already seen evidence of problems in the market for private student loans. “One of the things we see and have seen is lenders who market loans for borrowers knowing that those borrowers are unlikely to be able to pay those loans,” Mr. Cordray said.
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Some Lenders to Students Face Greater U.S. Scrutiny (Published 2012)
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