Alert March 06, 2012

CFPB Centralizes Complaint System for Private Student Loans

The CFPB Ombudsman for private student loans is now accepting all complaints and concerns related to private student loans.  Private student loans, which historically have been overseen by various agencies, will now be in the sole province of the CFPB.  The Ombudsman's office will work as an intermediary between students, and their families, and financial institutions to raise students' concerns and questions.  Click here for the press release.