Kraninger: Department of Education refusing to cooperate with CFPB

Kraninger: Department of Education refusing to cooperate with CFPB. Posted By: leverton. The U.S. Department of Education has refused to cooperate with the Consumer Financial Protection Bureau, according to CFPB Director Kathy Kraninger. Kraninger recently sent a letter to Sen. Elizabeth Warren.

The Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger. examinations related to. loans held by the Department” of Education, wrote Kraninger. And the loan servicers’ refusal to.

The U.S. Department of Education has refused to cooperate with the Consumer Financial Protection Bureau, according to CFPB Director Kathy Kraninger. Kraninger recently sent a letter to Sen. Elizabeth Warren, D-MA, in response to the senator’s questions about the bureau’s efforts to protect student loan borrowers through its oversight of student loan servicers.

. between the Education Department and the CFPB over student loans. The education department policy cited by Kraninger, first reported by POLITICO last year, orders federal student loan servicers to.

CFPB Director Kathy Kraninger said the CFPB was unable to do its job because the Department of Education (DoE) had "declined to produce information" that the agency needed.

The Consumer Financial Protection Bureau’s Kathy Kraninger says the department is getting in the way of efforts to police the student loan industry.. cfpb Chief Says Education Department Is.

He says he’d like to see Kraninger more directly demand that the education department change its guidance to loan servicers and tell them to cooperate with regulators. The CFPB could also take loan servicers to court to get the information it needs., Frotman says.

The director of the Consumer Financial Protection Bureau says the Trump administration’s Education Department. are refusing to share information that the CFPB says it needs to perform proper.

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That has long created tension between the Education Department and the CFPB over student loans. The Education Department policy cited by Kraninger, first reported by POLITICO last year, orders federal student loan servicers to refuse requests for information from third parties like state attorneys general or the CFPB.