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Watchdog Urges Caution Over Private Student Loan Practices

By Jeff Overley (October 16, 2012, 4:50 PM EDT) -- The $150 billion private student loan market is plagued by poor servicing practices mirroring those that undermined the mortgage industry, a Consumer Financial Protection Bureau watchdog said Tuesday, asking the Obama administration to explore whether reforms that benefited homeowners might also help college graduates....

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