New Database of Complaints on Student Loans

The Consumer Financial Protection Bureau on Thursday unveiled a new database on consumer complaints on various financial services and products, including student loans. “By sharing these complaints with the public, we are creating greater transparency in consumer financial products and services,” said a statement from Richard Cordray, director of the bureau. “The database is good for consumers and it is also good for honest businesses. We believe the marketplace of ideas can do great things with this data.”