"Private student loans far outperform federal loans," said the CBA's Steve Zeisel
WASHINGTON To hear the Consumer Financial Protection Bureau tell it, the private student loan market is a mess, filled with angry borrowers many of whom claim to have been taken advantage of by banks and servicers. more »
"We are going to weigh every option to see that these problems are corrected," said the CFPB's Rohit Chopra, speaking of issues the agency detected in how firms deal with student loan debt.
The Consumer Financial Protection Bureau is urging policymakers to reconsider how student loan debt is treated under the bankruptcy code. more »