CFPB – Private Student Loans Report

by Sabrina I. Pacifici on July 21, 2012

“The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Director of the Consumer Financial Protection Bureau and the Secretary of Education to submit a Report on private student loans. This Report addresses the following topics, as set forth in the Act:

  • The private lenders, their market and their products, as they have evolved and performed over time,

  • The consumers of these products, their characteristics, and shopping, usage and repayment behaviors,
  • Consumer protections, including recent changes and possible gaps,
  • Fair lending compliance information currently available and its implications, and
  • Statutory or legislative recommendations to improve consumer protections.

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