Student-loan borrowers got incorrect notices from a major student-loan company. Lawmakers want answers.
A group of Democratic lawmakers opened an investigation into student-loan company MOHELA over erroneous past-due notices that some borrowers received.
A group of Democratic lawmakers opened an investigation into student-loan company MOHELA over erroneous past-due notices that some borrowers received.
BELLINGS Intelligence Score: 12
Why it matters
The erroneous notices from a student-loan servicer and ensuing congressional inquiry represent a notable operational issue within a specific credit segment but lack broad market or systemic impact.
Sources
Business Insider
Student-loan borrowers got incorrect notices from a major student-loan company. Lawmakers want answers.
A group of Democratic lawmakers opened an investigation into student-loan company MOHELA over erroneous past-due notices that some borrowers received.