Matz Responds to Student Loan Investigation Request
In a letter to a group of advocacy organizations, NCUA Chair Debbie Matz responded that the agency has no enforcement authority over CUSOs and other third parties that may be engaged in predatory lending. The advocacy groups had expressed concerns about loans issued through ITT Educational Services. However, Matz pointed out that all seven credit unions involved in this program had ended their relationship in 2012 following a warning from NCUA. [8/10/15]
