This letter, sent to CFPB Director Kathy Kraninger, from the Student Borrower Protection Center and a wide range or civil rights groups and advocates urges the Bureau to take the necessary steps to protect borrowers from discrimination in the student loan industry. With borrowers of color continuing to experience extremely high rates of delinquency and default, the letter reminds the CFPB of their responsibility to enforce fair lending laws. The letter highlights how recent testimony by Director Kraninger is raising alarm that the Bureau is failing to utilize its independent oversight authority to protect borrowers from discrimination. Read more…