Consumer Financial Protection Bureau

23 Senators Demand Investigation Into Mismanagement Of Student Loan Program

4:26pm October 29, 2019

by Avie Schneider

The senators are calling on the nation's stop consumer protection agency to investigate a loan servicer for the troubled student loan forgiveness program for public service workers.

Kathleen Kraninger, director of the Consumer Financial Protection Bureau, testifies before the House Financial Services Committee on March 7. On Thursday, she faced questions from senators about problems with a student loan program for public service work

Senators Press CFPB To Dig Into Problems With Public Service Student Loan Program

6:43pm October 17, 2019

by Chris Arnold

The senators urged the director of the Consumer Financial Protection Bureau to do more to examine problems with a troubled loan forgiveness program, citing an investigative story by NPR this week.

Kathleen Kraninger is director of the Consumer Financial Protection Bureau, an agency that was thwarted by the U.S. Department of Education from examining problems with a troubled student loan forgiveness program.

Exclusive: Turf War Blocked CFPB From Helping Fix Student Loan Forgiveness Program

1:00pm October 15, 2019

by Chris Arnold

The Trump administration blocked the nation's top consumer protection agency from digging into problems with a program designed to help police, firefighters and other public service workers.

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Kathy Kraninger, director of the Consumer Financial Protection Bureau, says in a letter that the Department of Education is getting in the way of efforts to police the student loan industry.

CFPB Chief Says Education Department Is Blocking Student Loan Oversight

10:14am May 16, 2019

by Chris Arnold

The Consumer Financial Protection Bureau's Kathy Kraninger says the department is getting in the way of efforts to police the student loan industry. The revelation comes in a letter obtained by NPR.

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Ads promise cash in the form of payday loans at an Advance America storefront in Springfield, Va. The Consumer Financial Protection Bureau is seeking to rescind a proposed rule to safeguard borrowers from payday lenders.

Move To Pull Consumer Protection Rule Heightens Debate Over Payday Lending

8:49am March 07, 2019

by Daniella Cheslow

One of Kathy Kraninger's first moves as CFPB chief was to move to rescind a rule that would put restrictions on payday lending. Now she'll face questions from the House Financial Services Committee.

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Consumer Financial Protection Bureau Director Kathy Kraninger speaks to media in Washington, D.C., in December 2018.

Consumer Protection Bureau Aims To Roll Back Rule For Payday Lending

5:21pm February 06, 2019

by Daniella Cheslow

The rule would have protected borrowers from ballooning loans with giant interest rates. Now, the Consumer Financial Protection Bureau proposes ripping the rule's teeth out.

Kathy Kraninger listens during a Senate Banking Committee confirmation hearing in Washington, D.C., in July. On Thursday, she won Senate confirmation to run the Consumer Financial Protection Bureau.

Senate Confirms Kathy Kraninger As CFPB Director

3:32pm December 06, 2018

by Emily Sullivan

The White House official has been confirmed as the Consumer Financial Protection Bureau's new chief over objections by critics who highlighted her lack of experience in consumer protection.

New Findings On Loan Forgiveness; Puerto Rico Schools After Maria; DeVos Calls For Free-Speech

6:01am September 22, 2018

The Education Department offers new findings on student loan forgiveness; Enrollment in Puerto Rico's schools drops after Hurricane Maria; DeVos calls for more free and open speech on college campuses

Among other things, senators asked Mick Mulvaney whether the CFPB suppressed a report, as has been alleged, that found evidence of banks charging dubious account fees to college students.

Senators Demand Answers From CFPB Head After Student Loan Watchdog's Resignation

11:53am September 14, 2018

by Cory Turner

In a stern letter to the acting director of the Consumer Financial Protection Bureau, Mick Mulvaney, Senate Democrats demanded evidence that he is safeguarding student borrowers.

Mick Mulvaney, the acting head of the Consumer Financial Protection Bureau, seen at a House committee hearing earlier this year. Under Mulvaney, the bureau has scaled back its enforcement of rules against predatory lenders.

Pentagon Was Not Notified Of Proposal To Change Military Lending Act

9:02pm September 11, 2018

by Colin Dwyer

In a letter obtained by NPR, the Pentagon says it hasn't gotten "official notification" about a Trump administration plan to weaken the enforcement of a law protecting troops from predatory creditors.