Skyrocketing college tuition costs are leaving consumers with greater student-loan debt, while bankruptcy code gives little protection to those struggling under it. Billionaire investor and entrepreneur Mark Cuban says “rising student loan debt is crushing the U.S. economy, preventing recent graduates from buying the things that normally stimulate the economy,” according to a recent Consumer Affairs article. (For more on this, see our September 25, 2014 blog post.) Cuban proposes a cap on federally guaranteed student loan money, limiting how much an individual can borrow in a given year. A loan cap would force colleges to reduce tuition, and in turn reduce consumers’ tuition-related debt, he argues. Also this month, the Consumer Financial Protection Bureau (CFPB) urged Congress to “reconsider how student loan debt is treated under the bankruptcy code,” reports American Banker (subscription required). Rohit Chopra, the CFPB’s student loan ombudsman, said “[w]hile regulators and policymakers have continued to urge the private student loan industry to work constructively with borrowers on loan modifications, the 2005 changes to the bankruptcy code may be undermining those efforts.” The CFPB is exploring “whether it can create similar rules to what it applies to the mortgage market that require lenders and servicers to respond in a timely manner to struggling borrowers and use clearer disclosures.” For more, read the full Consumer Affairs article.