penalized

Millions of student-loan borrowers risk facing debt collectors who were penalized for ‘misleading’ behavior

Millions of student-loan borrowers risk facing debt collectors who were penalized for ‘misleading’ behavior

Finance

Private companies penalized for their student-loan collection tactics may be making a comeback.As President Donald Trump transfers federal student loans from the Department of Education to the Treasury Department, defaulted borrowers will be routed through the Treasury’s “Cross-Servicing program,” which uses private contractors to collect federal debts. Two agencies in…