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Warren probes student-loan transfer that tanked borrowers’ credit scores - MarketWatch

Aug 9, 2024, 10:26 AM EDT1 sourcesAI-analyzed

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Democratic senators accuse servicers of mishandling student-loan account transfers. The error may negatively impact over 1 million borrowers' credit scores. Senators are questioning MOHELA, Nelnet Inc., and major credit agencies. Potential backlash could influence student loan policies and regulatory scrutiny.

  • Democratic senators accuse servicers of mishandling student-loan account transfers.
  • The error may negatively impact over 1 million borrowers' credit scores.
  • Senators are questioning MOHELA, Nelnet Inc., and major credit agencies.
  • Potential backlash could influence student loan policies and regulatory scrutiny.

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