CWA, Unions Commend CFPB Student Debt Relief Plan

CWA joined AFT, AFSCME, and the AFL-CIO in a letter to the Consumer Financial Protection Bureau (CFPB) supporting a new proposal to help student loan borrowers lower their payments.

The CFPB is developing a new document called a "Payback Playbook" that will provide information to borrowers about payback options so they can choose the most affordable monthly payment plan. Without solid, factual information, borrowers end up in trouble – with late payments, defaults, damaged credit ratings, and even loss of jobs or housing. CWA has called on the CFPB to expand and improve the Payback Playbook.

Learn more here.