Twenty-three Democratic Senators have called for an investigation into a loan servicer over its handling of a student loan forgiveness program.
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At a public symposium last week, academics, market participants and policy-makers gathered to discuss effective implementation of a Dodd-Frank Act section which would increase public data about small business lending, specifically those owned and operated by women and minorities.
The Consumer Financial Protection Bureau has filed a complaint and a temporary restraining order against a student-loan debt-relief operation engaged in allegedly unlawful conduct.
The data reveals that borrowers of both private and federal student loans reported issues ‘dealing with your lender or servicer’ in more than half of all complaints.
The Consumer Financial Protection Bureau announced that it will establish a taskforce to examine ways to ‘harmonize and modernize’ federal consumer financial laws.
Consumer Financial Protection Bureau Director Kathy Kraninger announced the appointment of members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.