Senators To CFPB: Why Are You Still Failing To Protect Student Loan Borrowers?

that a turf war between the Department of Education and the CFPB was effectively blocking the bureau from sending examiners into loan servicing companies to look for problems — in particular with a troubled loan forgiveness program for public service workers. The program has been rejecting, senators cited NPR's reporting and told director Kraninger that her agency had broad powers to conduct such oversight and could go to court to force the issue.

Kraninger responded at the hearing that she would rather not have an adversarial relationship with the Department of Education."I have met with Secretary DeVos," she said,"and we are already discussing how to move forward in an effective way to make sure that we're overseeing servicers.

SenatorMenendez These same senators voted to enact the system which is breaking the student loans. Perhaps some self awareness would be helpful?

Didn't they already halt/limit private student loan lending a few years back (sometime after the Occupy Movement)? Can CFPB make any changes if most of these loans are subject to government regulation already — or would reform take an act of Congress?

Freedom for all United as one Children knowing Kids being kids Yet deep down Only they know Until the changes Burning desire Ever watchful The truth seekers Stillness in the night Young at being old Yearning for Our rights United as one Caring Understanding Nurturing Thanking

Because there are a lot of people on Capitol Hill as well as B. Devos and her friends that are making way, way too much money on the backs of American kids to give a damn.

Senators should do their job🙄

Betsy Devos is the biggest trainwreck the Education Department has ever seen. She isn’t qualified, in any way, to be the Secretary of Education. That’s not my opinion, that’s fact.

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