Newsroom

Gaps in Student Loan Rehab Programs Trap Vulnerable Borrowers in Default, May Cost Consumers $125 Million in Unnecessary Interest Charges Alone.

CFPB Orders Full Relief and Refunds for All Private Loans Made by the School.

Wells Fargo to Pay $3.6 Million Penalty to the Bureau.

Today the Bureau Student Loan Ombudsman released a report finding consumers complain of servicing problems that make it difficult to get lower student loan...

I am pleased to join Secretary King and Deputy Secretary Raskin to take this step toward reforming the student loan servicing market. This is an important...

Prototype Disclosures Outline Path to Affordable Payments for Borrowers Trying to Avoid Debt Distress.

I am pleased to join my colleagues at the Department of Education and the Department of the Treasury as we continue to improve student loan repayment and address the many problems in student loan servicing that we have highlighted over the past year.

Student Aid Institute Illegally Tricked Borrowers Into Paying Fees for Federal Loan Benefits The Bureau today took action to halt a student loan debt relief...

Student Loan Processing.US and Owner Charged Student Loan Borrowers Millions in Illegal Fees Today the Bureau requested that a federal district court enter...

Examiners Uncover Illegal Practices in Student Loan Servicing, Mortgage Origination and Servicing, Consumer Reporting, and Debt Collection Markets Today the...

Operation Ripped Off Students and Families Applying for College Financial Aid Today, the Bureau announced it is taking action to halt a nationwide student...

Court Rules that Corinthian Engaged in Deceptive Lending Practices and Illegal Debt Collection Practices Yesterday, at the request of the Bureau, a federal...

CFPB and U.S. Departments of Education and Treasury Issue Framework for Servicing Reforms, Bureau Prioritizes Stamping Out Illegal Actions Today, the Bureau...

Company to Pay $5.2 Million For Illegally Billing Over 100,000 Consumers Today the Bureau filed a complaint and proposed consent order in federal court...

Discover's Illegal Servicing Practices Affected Private Student Loan Borrowers Transferred from Citibank Today the Bureau took action against Discover Bank...

Servicers Still Failing to Provide Legal Protections to Military Borrowers Today the Bureau released a report outlining the continued challenges faced by...

Industry Inquiry Reveals Problems for Consumers Seeking to Prevent Auto-Defaults Today the Bureau Student Loan Ombudsman released a report finding high...

Thank you all for joining us today in Milwaukee. Plato once said, "The direction in which education starts a man will determine his future life." More...

Bureau Seeks Information On Industry Practices That Can Create Student Debt Stress Today the Bureau is launching a public inquiry into student loan...

Let me start by thanking Senator Brown for inviting me to speak to you today about how our young people are seeking to finance their education and improve...

Earning a college degree has become increasingly important to personal and professional success in life. Yet we know it also can impose long-term burdens...

Bureau Seeks Comment on Scorecard to Help Schools Avoid Promoting Products with Tricks and Traps Today, the Bureau is seeking input on a "Safe Student...

We are warning all student loan borrowers who have trouble managing their student debt to watch out for scams run by companies promising “student debt relief.” These companies prey on distressed borrowers who run into trouble and struggle to figure out what comes next.

CFPB Warns Borrowers About Companies Charging High Fees for Free Federal Loan Repayment Benefits Today, the Bureau took action to put an end to two student...

Examiners Also Uncover Violations of Mortgage Servicing Laws The Bureau today issued a report highlighting illegal actions uncovered by the Bureau's...