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 for 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 director associated with the customer Financial Protection Bureau, a company that has been thwarted by the U.S. Department of Education from examining difficulties with a student loan forgiveness program that is troubled.

Starting early a year ago, the country’s most effective customer security agency delivered examiners into organizations that operate education loan call centers to attempt to fix a loan forgiveness program that is troubled. However the Department of Education blocked the bureau from obtaining the given information it required, NPR has learned.

Senators Press CFPB To Dig Towards Public Provider Loan Forgiveness Issues

People provider Loan Forgiveness Program was created to help firefighters, armed forces solution people, nonprofit employees as well as others. But lots of people state these people were addressed unfairly and rejected.

One of those had been Wendy Feliciano, a authorities sergeant when you look at the Bronx borough of brand new York City. In 2007, she heard of this system, which guarantees public solution employees that when they make qualifying student loan payments for ten years, their staying education loan financial obligation is supposed to be forgiven.

Wendy Feliciano is within the Army Reserve and it is a sergeant when you look at the nyc Police Department. Continue reading “Exclusive: Turf War Blocked CFPB From Assisting Fix Education Loan Forgiveness System”