Comments to the Consumer Financial Protection Bureau on Request for Information regarding Private Education Loans and Private Education Lenders, 76 Fed.
Leave a commentJune 13, 2012 by Student Loan Victims and Lender Fraud
Comments to the Consumer Financial Protection Bureau on Request for
Information Regarding Private Education Loans and Private Educational Lenders, 76 Fed.
Reg. 71329 (November 17, 2011)
Docket # CFPB-2011-0037
January 17, 2012
Introduction
These comments are submitted on behalf of the National Consumer Law Center’s low income
clients.1 NCLC’s Student Loan Borrower Assistance Project provides information about student
rights and responsibilities for borrowers and advocates and provides direct legal representation
to student loan borrowers.2 Our comments on private student loans are based on our experiences representing low-income consumers. We also receive e-mails from thousands of borrowers each
year through our Student Loan Borrower Assistance web site.
The way in which the private student loan market evolves in the future has far-reaching implications for our clients and others seeking to better their lives through education. Our comments focus on the CFPB’s authority to regulate the market going forward and to help provide
relief to financially distressed borrowers.
In brief, our comments are: (read more….)
Student Loan Victims and Lender Fraud 