Exclusive: Turf War Blocked CFPB From Helping Fix Education Loan Forgiveness System

Exclusive: Turf War Blocked CFPB From Helping Fix Education Loan Forgiveness System

Kathleen Kraninger is manager regarding the customer Financial Protection Bureau, a company which was thwarted by the U.S. Department of Education from examining difficulties with a student loan forgiveness program that is troubled. Andrew Harrer/Bloomberg via Getty Images hide caption

Kathleen Kraninger is manager associated with customer Financial Protection Bureau, an agency which was thwarted by the U.S. Department of Education from examining difficulties with a distressed education loan forgiveness system.

Starting early a year ago, the country’s most effective customer security agency delivered examiners into businesses that operate education loan call facilities to attempt to fix a distressed loan forgiveness system. Nevertheless the Department of Education blocked the bureau from obtaining the information it required, NPR has learned.

Senators Press CFPB To Dig Towards Public Service Loan Forgiveness Issues

People provider Loan Forgiveness Program was created to assist firefighters, armed forces solution people, nonprofit workers among others. But lots of people state they certainly were addressed unfairly and rejected.

One of those had been Wendy Feliciano, a authorities sergeant within the Bronx borough of the latest York City. In 2007, she heard of this program, which guarantees general public solution employees that when they make qualifying student loan re re payments for a decade, their staying education loan financial obligation is likely to be forgiven. Continue reading “Exclusive: Turf War Blocked CFPB From Helping Fix Education Loan Forgiveness System”