The CFPB recently revised the prototype student loan Payback Playbook disclosures it has been developing with the Departments of Education and Treasury. These revisions were based on feedback from nearly 3,500 individual student loan borrowers, student loan market participants, higher education policy experts and other stakeholders in response to the April 2016 Notice and Request for Information Regarding Student Loan Borrower Communications. … Continue Reading
playbook
CFPB seeking comment on new repayment plan disclosures for federal student loan borrowers
By John L. Culhane, Jr. on
Posted in Regulatory and Enforcement, Student Loans
The CFPB has issued a Request for Information (RFI) seeking comment on a set of prototype disclosures to assist federal student loan borrowers in selecting between alternative repayment plans. Comments are due on or before June 12, 2016.
Referred to by the CFPB as “the student loan Payback Playbook,” the prototypes consist of three potential Playbooks. … Continue Reading