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

Exclusive: Turf War Blocked CFPB From Assisting Fix Education Loan Forgiveness System Kathleen Kraninger is manager associated with the Consumer Financial Protection Bureau, a company which was thwarted because of 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 issues with a student loan forgiveness program that is troubled. Beginning early just last year, the country’s most effective customer security agency delivered examiners into businesses that operate education loan call facilities to attempt to fix a loan forgiveness program that is troubled. Nevertheless the Department of Education blocked the bureau from having the information it required, NPR has learned. Senators Press CFPB To Dig Towards Public Provider Loan Forgiveness Dilemmas The general public provider Loan Forgiveness Program was designed to assist firefighters, army solution people, nonprofit employees as well as others. But lots of people say these people were addressed unfairly and rejected. One of those had been Wendy Feliciano, a authorities sergeant into the Bronx borough of the latest York City. In 2007, she heard of this system, which guarantees general public solution employees that when they make qualifying student loan re payments for decade, their staying student loan financial obligation may be forgiven. Wendy Feliciano is within the Army Reserve and it is a sergeant into the ny Police Department. After ten years of loan re re payments, she had been told she was at the wrong payment plan to be eligible for a people provider Loan Forgiveness system. “this really is a complete scam, ” she states. […]