New Consumer Protection Agency To Monitor Lenders

December 31, 2009 · Posted in Debt News · Comment 

The Massachusetts Public Interest Research Group recently released a report which revealed practices of lenders who offer private or student loans.  Private loans differ from Federally based loans.  Private loans have no capped limit on interest rates and some lenders are charging significant up front fees in order to originate the loan.
Because of these practices, [...]