College graduates
College graduates.
  • The CFPB found some student-loan companies have continued to collect on debt that was discharged in bankruptcy.
  • The agency on Thursday put those companies on notice, ordering them to return the payments back to borrowers.
  • It comes after the Education and Justice Departments reformed bankruptcy guidance for borrowers last year.

A top federal consumer watchdog is putting student-loan companies on notice for potentially illegal behavior that's harming borrowers.