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PIMCO Says It Needs To Assess CFPB's Loan Service Deal

By Sydney Price (May 24, 2024, 7:27 PM EDT) -- Investment management giant PIMCO told a Pennsylvania federal judge on Friday that it needs more time to study a proposed $5 million settlement between the Consumer Financial Protection Bureau, a Pennsylvania student loan servicer and multiple student loan trusts, saying its funds are invested in the trusts and may need to consent to the deal....

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