Rohit Chopra and CFPB Piss Off Private Student Lenders
Ombudsman Rohit Chopra of the Consumer Financial Protection Bureau (CFPB) can sleep soundly at night knowing he is doing something right. The Wall Street Journal quotes Richard Hunt, president of the Consumer Bankers Association, as stating “There’s more tension between banks and those in the CFPB’s student-lending division than in all other areas of the CFPB combined.” Why is the private student loan industry so pissed off? The CFPB and Mr. Chopra have persistently pushed private lenders to modify or refinance…
By Heather | Category: Student Loan Policy, Private student loans, Student Loan Repayment
