Email your story to Consumer Financial Protection Bureau--new director

[PedestrianActivist]

Subject: The New CFPB Wants to Hear From YOU on Private Student Loans!



Dear Friends and Supporters:

Now that the new Consumer Financial Protection Bureau finally has a
new director in Richard Cordray, it's ready to start doing the job it
was created to do: protect consumers - and that includes those with
private student loan debt!

They're seeking public comments on your experiences with private
student loans so as to begin to start regulating this out-of-control,
legal-loansharking industry. They won't know what the problems are
unless you tell them, so please take a few moments of your time TODAY
to share your stories! The public comment period ends next Tuesday,
so please don't put this off! Do it today!

Thank you for your time and continued support!

Rob

* * * * *

Directly from the new Consumer Financial Protection Bureau's website:
Your experience with private student loans
We need public input on important questions about private student
loans. Whether you have two sentences or two pages to tell us, we want
to hear from you.
Tell us about your experiences with private student loans. ››
You can also submit your comments by email to
CFPB_Stud...@cfpb.gov.
What kind of information are you looking for?
Among the questions we hope to answer:
•What kind of non-federal financing do families rely on to pay for
education? When families choose private loans before exhausting their
federal loans, what prompts this choice?
•What sources do families rely on for information about private
student loan options? What sources and types of information do
students consider about debt loads? How effective are private loan
disclosures?
•What can students tell us about loans offered directly by the schools
they are attending or have attended? What can schools tell us about
how they select students for aid and how they fund this aid?
•What experiences have people had with repaying private student loans?
Does it affect field of study or career choice? What resources or
techniques have assisted students with avoiding default and
understanding their rights as borrowers?
For a more detailed list of the specific questions we hope to answer,
read our full Federal Register notice. (Note: even if you don’t have
an answer to every single question, we want to hear from you. We are
looking for a diverse set of perspectives.)
Submit your comment. ››Why do you want my input?
Your stories can help us understand how people make decisions about
which loans to borrow. You can tell us more about how the private
student loan market functions or doesn’t, how and why you got a
private loan, and how it is or is not working for you. We want to make
sure we have all the facts as we prioritize our work to make sure this
market works for students, lenders, and schools.
Anyone can comment: applicants for private student loans, students in
school, people in repayment, lenders, etc. We need your help to make
sure we have a diverse set of perspectives as we prepare this report.
Submit your comment. ››What actions will the CFPB take?
We will read every single comment. This summer, the CFPB and
Department of Education will submit a report on the private student
loan market to Congress. As we prepare our report to Congress on the
private student loan market, we will use the comments we receive here
to guide us as we prepare an in-depth view of private student lending.
In addition, your comment will be published in the Federal Register.
Other people who may share your experience will be able to read your
comment.
Submit your comment. ››Tell me more.
For more information about what we’re trying to do, read the full
Federal Register notice.
Read our blog post that introduced the notice when we first submitted
it to the Federal Register.
And if you have an experience to share, tell us about it.