Tag: Consumer Financial Protection Bureau

Students

Trump Vetoes Move to Ease Loan Forgiveness for Defrauded Students

President Donald Trump late on Friday vetoed a resolution that would have made it easier for students defrauded by for-profit schools to get their student loans erased.

May 31, 2020

Students

AFT Hits White House as Student Loan Watchdog Chief Resigns

The president of the American Federation of Teachers union is sharply criticizing the Trump administration following a top official’s announcement Monday that he is resigning Friday from the federal Consumer Financial Protection Bureau. The departure of Seth Frotman – who has been with the bureau since its creation by Congress in 2011 and has served […]

August 28, 2018

News Roundup

Possible Enforcement Changes to Military Lending Act Spark Outcry

Two letters containing 38 signatures of veteran and military organization service members are expressing concern about the enforcement of the federal Military Lending Act (MLA) have been sent to U.S. Secretary of Defense James Mattis and Mick Mulvaney, acting director of the Consumer Financial Protection Bureau. The letters are in response to a reported plan […]

August 23, 2018

Students

Report: Student Borrowers Mired Deeper in Debt

More student loan borrowers are finding themselves deeper in debt and taking a longer time to pay off their student loans — and an increasing number of student loan borrowers are older than in the past, according to a report released Wednesday from the Consumer Financial Protection Bureau.

August 16, 2017

Home

CFPB Officials Liken Student Loan Scams to Mortgage Scams

Consumer Financial Protection Bureau student loan ombudsman Seth Frotman recently shared his concern over predatory practices in student loan repayment programs to those that led to the mortgage crisis nearly a decade ago.

September 22, 2015