SBPC and Labor Unions Demand CFPB Crackdown on Illegal Practices that Deny Public Service Workers Access to Loan Forgiveness

In a letter to CFPB Director Kathy Kraninger, the SBPC and labor unions demand the CFPB utilize its authorities to protect public service workers with student loans. 

The organizations raise concerns over the CFPB’s failure to provide proper oversight of student loan companies that have committed abuses affecting teachers, nurses, and other public service workers. Additionally, the letter calls on Director Kraninger to stand up to obstruction tactics by Secretary of Education Betsy DeVos. 

Read: Letter to Consumer Financial Protection Bureau Director Kathy Kraninger