Private Student Loan Providers Ask Bureau for 30 Days Grace on Rates
August 12, 2013
Congress and the White House may have cut many of the nation's student borrowers a break by enacting the Bipartisan Student Loan Certainty Act of 2013, which restored lower interest rates for student loans after rates doubled on July 1. But the student lending industry is pleading with the CFPB to immediately provide private student loan providers with a 30-day compliance grace period for lenders and servicers to make the necessary changes to their systems so they can accurately disclose the interest rates for federal...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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