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Consumer Financial Protection Bureau Develop the First Ever Industry-Wide Standards for Student Loan Servicing Companies

As reported by DeWayne Sheaffer,┬áPresident of NEA’s National Council for Higher Education, this past summer the Consumer Financial Protection Bureau (CFPB) listened to the voices of more than 30,000 frustrated Americans, including thousands of NEA members, who were tired of receiving bad or unclear information from their student loan servicers.

Thanks to the efforts of education activists like you, the CFPB will develop the first ever industry-wide standards for student loan servicing companies. This was a huge victory in advocating for students seeking higher education, but more needs to be done.

Now we need members of Congress to listen and make sure to protect the interests of students in the new Higher Education Act (HEA).

Good luck with that thought DeWayne – Do you really think the fat cats of DC are going to do anything buy make sure that their pension benefits are in place? Joke!