New York attorney general investigates student debt creditors for missing paperwork [USA TODAY]
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Source: USA TODAY
graduates-student-debt-forgiven CONNECT TWEET LINKEDIN COMMENT EMAIL MORE New York Attorney General Eric Schneiderman said he has issued subpoenas Wednesday to begin investigating the National Collegiate Student Loan Trusts, a student-debt creditor group whose collection practices have been criticized for allegedly shoddy paperwork. The attorney general’s action follows a scathing report by the New York Times earlier this week that chronicled attempts by the National Collegiate's trusts to sue and collect debts from student loan borrowers allegedly without having the paperwork that proves the trusts own the debts. The subpoenas seek to collect information on the lawsuits filed by the National Collegiate's trusts, including loan titles. Schneiderman, who has been active in probing for-profit schools and student loan industry abuses, will review collected documents before deciding to file any lawsuit. It's also possible that other states' att
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