He says he’d like to see Kraninger more directly demand that the education department change its guidance to loan servicers and tell them to cooperate with regulators. The CFPB could also take loan servicers to court to get the information it needs., Frotman says.
Democratic senators and the consumer financial protection bureau (cfpb) are frequently at odds since Richard Cordray left as director. But they are joining together to ask the Department of Education to cooperate with state and federal regulators’ supervision and.
Two top officials at the United States Department of Justice, Antitrust Division (DOJ. identify its co-conspirators, and cooperate with the DOJ’s investigation. If granted leniency, the company can.
A central issue is that companies that manage student loans, known as student loan servicers, are refusing. Kraninger more directly demand that the Education Department change its guidance to loan.
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The CFPB declined multiple requests to make Kraninger available for an interview and directed ProPublica and WNYC to her public comments and speeches. Kraninger is new to public testimony, but she already seems to have developed the politician’s skill of refusing to answer difficult questions.
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The Commission also alleged that the defendants obtained consumers’ student loan credentials, such as their FSA ID-a username and password used to log in to U.S. Department of Education websites-to log in and change consumers’ contact information, effectively hindering or entirely preventing consumers’ loan servicers from communicating with consumers.
A group of top U.S. economists sent a letter earlier this week to U.S. Department of the treasury secretary steven mnuchin, claiming the tax reform bills being considered in the Senate will.
Now, Kraninger, the administration’s hand-picked director for the bureau, is pointing the finger, albeit in a less dramatic way, at the Education Department for hindering efforts to protect.
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The Community Home Lenders Association sent a letter on Wednesday to Consumer Financial Protection Bureau Director Richard Cordray urging the CFPB to use its authority to impose stronger testing and.