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Inside Washington (06/14/2012)
  • WASHINGTON (6/15/12)--The Consumer Financial Protection Bureau (CFPB) published a notice and request for information in the Federal Register Wednesday asking state agencies, colleges, consumer advocates and lenders to submit data and information on existing private student loan complaints. The agency also sent a letter to attorneys general and state higher education officials to invite their participation. The request came after the CFPB published close to 2,000 comments from individual consumers about their experiences in the private student loan market. The consumer comments published were submitted in response to a request published in the Federal Register last winter, asking for input on a study the CFPB and the Department of Education are conducting on private student loans. Many borrowers reported relying on school financial aid offices for information and guidance on which loan products to use, the CFPB reported. Other borrowers are finding their private student loan debt to be unmanageable or difficult to navigate in the repayment process, the CFPB said …
  • WASHINGTON (6/15/12)—Information on recent board actions, tips for credit union boards seeking new CEOs, and commentary on credit union regulatory issues are all included in this month's edition of The NCUA Report. For the full report, click here…


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