CBA is working with regulators to create student-loan flexibility

05/19/2013 | USA Today

Of the 30,000 Americans sharing comments with the Consumer Financial Protection Bureau about student-loan debt burdens, many say it's preventing them from buying homes and cars. Pace Bradshaw, the Consumer Bankers Association's vice president of congressional affairs, says the organization is working with banking regulators to look at ways to allow private lenders to offer more flexibility for student-loan repayments, which could help most borrowers avoid default.

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