consumers can register their satisfaction or unhappiness with a particular credit product or service simply by taking their business elsewhere, consumers have no say in whether their information is included in the CRAs databases and limited legal remedies to hold the CRAs accountable for inaccuracies or poor service. (M) Accordingly, despite the existing statutory mandate for CRAs to follow reasonable procedures to assure the maximum possible accuracy of the information whenever they prepare consumer reports, numerous studies, the high volume of consumer complaints submitted to the Consumer Bureau about incorrect information on consumer reports, and supervisory activities by the Consumer Bureau demonstrate that CRAs continue to skirt their obligations under the law. (2) Private education loans (A) Many private education loan borrowers, who have sought to negotiate a modified repayment plan when they were experiencing a period of financial distress, have been unable to get assistance from their loan holders, which often results in them defaulting on their loans. (B) Although private student loan holders may allow a borrower to postpone payments while enrolled in school full-time, many limit this option to a certain time period. This period may not be sufficient for those who need additional time to obtain their degree or who want to continue their education by pursing a graduate or professional degree. Borrowers who are unable to make payments often default or have their accounts sent to collections before they are even able to graduate. (3) Deceptive practices at certain proprietary education institutions and career education programs (A) Observers have repeatedly noted the pervasive problem of for-profit schools targeting low-income students with deceptive high-pressure sales techniques involving inflated job placement rates and misleading data on graduate wages, and false representations about the transferability of credits and the employability of graduates in occupations that require licensure. Student loan