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Thursday, June 14, 2012

CFPB Seeking Additional Private Student Loan Complaint Data

The CFPB published a notice in the Federal Register seeking data on private student loan complaints from state agencies, colleges, consumer advocates and lenders. The CFPB also sent a letter to state attorneys general and higher education officials inviting them to share such data.

“Responses to the notice will inform the recommendations to Congress in the CFPB’s student loan ombudsman report on private student loan complaints,” the bureau said in a press release.

The CFPB is also slated on July 21 to complete a study -- in conjunction with the Education Department -- on the private student loan market, and yesterday it released nearly 2,000 consumer comments as part of that study.

The bureau started accepting consumer complaints on private student loans in March.

Read the CFPB press release.
Read the Federal Register notice.

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