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Student loan servicing proposal must not hurt credit union lending, NAFCU says
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Consumer Protection, Nonbank Financial
Friday, June 7, 2013
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An industry group representing the nation’s federal credit unions urged the Consumer Financial Protection Bureau to ensure that proposed rules for nonbank student loan servicers don’t carry unintended consequences for credit union lending. Read on to learn what the National Association of Federal Credit Unions and other commenters had to say about rules that would permit the bureau to oversee “larger participants” in the student loan servicing arena.
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