CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
The Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that it collects on loans that borrowers do not owe. Specifically, the agency alleges in its complaint that PHEAA, which does business as American Education Services (AES), illegally collects on student loans that have been discharged and