October 2019 Articles – CFPB Journal

Senators call for investigation into student loan forgiveness program

Twenty-three Democratic Senators have called for an investigation into a loan servicer over its handling of a student loan forgiveness program.

CFPB issues annual student loan report

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.

Task force on federal consumer law launched

The Consumer Financial Protection Bureau announced that it will establish a taskforce to examine ways to ‘harmonize and modernize’ federal consumer financial laws.

CFPB names advisory board members

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.

CFPB files suit against credit brokers

The Consumer Financial Protection Bureau and the South Carolina Department of Consumer Affairs filed a lawsuit in federal district court in the District of South Carolina against Katharine Snyder, Performance Arbitrage Company, Inc., and Life Funding Options, Inc.