CFPB Seeks to Save Distressed Student Borrowers
American Banker
February 22, 2013
The Consumer Financial Protection Bureau said Thursday it was requesting public comment on the best ways for Congress to help struggling student loan borrowers. The CFPB released a formal request for information asking for input on several issues, including the impact of student debt on the economy and how it hinders access to mortgages and auto loans; how distressed borrowers manage their debt obligations; lower monthly payment options that exist for student loan borrowers; and other alternative payment options that could be applied to the student loan market. The agency will accept comments through its Web site until April 8.
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