CFPB Takes Action to Require National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency to Pay More than $5 Million for Student Loan Servicing Failures

On August 12, 2025, the Bureau, PHEAA, the Trusts, and PIMCO jointly moved the Third Circuit for a partial remand of the case to permit the district court to entertain a motion to partially vacate or modify the stipulated judgments. On December 8, 2025, the district court entered a modified stipulated final judgment and order, which narrowed the prospective and injunctive provisions of the stipulated judgments, retaining only certain redress obligations related to borrower requests for Servicemembers Civil Relief Act protections.