Kraninger: Department of Education refusing to cooperate with CFPB

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Student loans remain news, with the head of the CFPB formally accusing the Department of Education of impeding its ability to oversee loan servicers and the American Federation of Teachers endorsing Senator Warren’s student debt relief plan.

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The Education department policy cited by Kraninger, first reported by POLITICO last year, orders federal student loan servicers to refuse requests for information from third parties like state attorneys general or the CFPB. Kraninger: Department of Education refusing to cooperate with CFPB The U.S. Department of Education has refused to.

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But they are joining together to ask the Department of Education to cooperate with state and federal regulators’ supervision and enforcement requests for information related to student loans. cfpb director kathy Kraninger recently responded to a letter from Sen. Elizabeth Warren requesting more information on bureau oversight and the effects.

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 · Kraninger cites DoE obstacles to examinations Friday, May 17, 2019 Consumer Financial Protection Bureau Director Kathy Kraninger’s revelation that student loan servicers have been refusing to cooperate with the CFPB, citing policy guidance issued by the Department of Education, is not sitting well with Democrats.

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The U.S. Department of Education has refused to cooperate with the Consumer Financial Protection Bureau, according to CFPB Director Kathy Kraninger. Kraninger recently sent a letter to Sen. Elizabeth Warren, D-MA, in response to the senator’s questions about the bureau’s efforts to protect student loan borrowers through its oversight of student loan servicers.