Senate Blocks Consumer Agency Nominee

Yesterday the Senate blocked confirmation of Richard Cordray, the highly qualified nominee for Director of the Consumer Financial Protection Bureau (CFPB). Without a Director the CFPB cannot exercise its full authority to protect private student loan borrowers.

Thousands of you responded to our call to contact your senators in support of confirming a CFPB Director: 53 senators voted to do so, but 60 votes were needed. Though we are not celebrating a win, your continued engagement is critical to advancing the issues that we care so deeply about. 

Americans need a strong independent CFPB with a Director in place.  We will let you know when it's time to make your voices heard again.

Click here to read our statement on yesterday's vote

Income-Based Repayment and Pay As You Earn are two ways to help keep monthly payments affordable based on your income and family size. Visit the Department of Education’s Repayment Estimator to find out what your payments might be.
 

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