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Expert Analysis

A CFPB Report Card For Education Finance: Part 2

Law360, New York (May 1, 2012, 1:30 PM EDT) -- In the first article of this series, we discussed the purpose and scope of the request for information ("RFI") published by the Consumer Financial Protection Bureau in connection with its report on private education loans ("PEL") and private education lenders to be submitted to Congress on July 22, 2012. In summary, the RFI was largely directed to schools and student borrowers, rather than lenders, by seeking information regarding the students' choice of using private loans and other forms of nonfederal financing, the repayment of student loans and the use of institutional loans. This article summarizes the comments submitted in response to the RFI....

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