Consumer Financial Protection Bureau Rocks Again
Today the Consumer Financial Protection Bureau (CFPB) released the nation’s largest searchable public database of federal consumer financial complaints, including information on more than 90,000 individual complaints on mortgages, student loans, bank accounts and services, other consumer loans, and credit cards. “By sharing these complaints with the public, we are creating greater transparency in consumer financial products and services,” said CFPB Director Richard Cordray, "The database is good for consumers and it is also good…
TICAS Offers Clever Solutions to Make College More Accessible
There are lots of different kinds of student loans. Repayment options and forgiveness provisions are confusing for even the most informed. This past week, our friends at the Institute for College Access & Success, a nonprofit organization that works to make higher education more available and more affordable, released a report with recommendations including: reforms to simplify the federal aid application process, ways to streamline federal loan repayment options, improvements to student loan counseling, and methods to help borrowers in…
