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FG raids seven illegal loan companies

At least seven digital lending companies operating in Ikeja, Lagos were raided in a joint operation by the Federal Competition Consumer Protection Commission, the Independent Corrupt Practices and Other Related Offenses Commission, the Agency National Information Technology Development and Nigerian…

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‘Illegal conduct’ by student loan companies can ruin borrowers’ chances of debt forgiveness, says Biden’s top consumer watchdog – and they’re set to come under scrutiny thorough

President Joe Biden's top consumer watchdog said it is cracking down on bad behavior by student loan companies that is hurting some borrowers' chances for forgiveness. Last week, the Consumer Financial Protection Bureau (CFPB), headed by Rohit Chopra, released a…

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‘Illegal conduct’ by student loan companies can ruin borrowers’ chances of debt forgiveness, says Biden’s top consumer watchdog – and they’re set to come under scrutiny thorough

CFPB chief Rohit Chopra.Getty/Tom WilliamsThe Ministry of Education recently reformed the civil service loan forgiveness program.The CFPB is stepping up scrutiny of information provided by some student loan companies on the reforms.The agency pointed to deceptive corporate behavior that can…

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