CFPB slaps Citi with fine for deceptive student loan servicing

Sasha Padbidri

November 22, 2017 06:30 PM

Cordray — Consumer Financial Protection Bureau Director Richard Cordray listens while testifying on Capitol Hill in Washington, Tuesday, Jan. 31, 2012, before the Senate Banking Committee hearing on "Holding the CFPB Accountable: Review of First Semi-annual Report. (AP Photo/J. Scott Applewhite) | J. Scott Applewhite/AP

The Consumer Financial Protection Bureau (CFPB) has ordered Citi to pay $6.5m for private student loan servicing “failures”, which includes a fine and a refund to affected borrowers.

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Sasha Padbidri