Newsroom archive

The CFPB released a special edition of its Supervisory Highlights describing a range of unlawful activities identified by CFPB examiners across student loan markets.

CFPB Advisor and Student Loan Ombudsman Julia Barnard delivered remarks to the Consumer Federation of America “Looking to the Future of Student Borrower Protection."

The CFPB permanently banned Student Loan Pro and Judith Noh, its owner, from providing consumer financial products after violations of the Telemarketing Sales Rule.

The CFPB released the annual report of the Student Loan Ombudsman, highlighting severe difficulties reported by student borrowers in consumer complaints.

Many student loan borrowers have an opportunity to have their entire student loans cancelled or receive more credit towards cancellation, but they must act before April 30, 2024.

The Consumer Financial Protection Bureau found that many college-sponsored financial products have higher fees and worse terms and conditions compared to typical market products.

Some financial institutions and colleges may be steering students to more expensive financial products.

Director Chopra delivered remarks on the cancellation of loans for ITT Tech students on a joint press call.

The Consumer Financial Protection Bureau (CFPB) today released a report on the agreements signed between credit card issuers and colleges, or organizations affiliated with colleges, finding that the market for college credit cards continued its general trend of decline in 2020.

The Consumer Financial Protection Bureau issued a report on agreements between credit card issuers and institutions of higher education.

The Consumer Financial Protection Bureau released the first episodes of a two-part podcast series for students, parents, and practitioners on managing finances before, during, and after college.

To help students navigate paying for college, the Consumer Financial Protection Bureau released the "Your Financial Path to Graduation" web tool.

CFPB Heard More Than 20,000 Borrower Complaints Last Year Highlighting Widespread, Persistent Servicing Problems.

Bureau’s Proposed Settlement Seeks $183.3 million in Relief for 41,000 Harmed Student Borrowers.

Nearly Half of the Highest-Risk Borrowers Not Enrolled in an Affordable Repayment Plan Redefault.

Bureau Urges Schools and Banks to Put Students' Best Financial Interest First.

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

Bureau Also Releases Safe Student Account Toolkit to Help Colleges Avoid Promoting Prepaid and Debit Products with Surprise Fees Today, the Bureau sent...

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

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

Crossposted from the Milwaukee Journal Sentinel. This opinion editorial originally ran on May 14, 2015 online. As millions of students and their families...

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...

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...

Today, the Bureau and the U.S. Department of Education announced more than $480 million in forgiveness for borrowers who took out Corinthian College's...

Responsible colleges are on high alert to ensure that they endorse transparent financial products. ... To improve this process, the Bureau is proposing a...