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Wednesday, September 5, 2018
Tuesday, August 28, 2018
APNewsBreak: Nation’s top student loan official resigns
The government’s top official overseeing the $1.5 trillion student loan market resigned in protest on Monday, citing what he says is the White House‘s open hostility toward protecting the nation’s millions of student loan borrowers.
Seth Frotman will be stepping down as student loan ombudsman at the end of the week, according to his resignation letter , which was obtained by The Associated Press. He held that position since 2016, but has been with Consumer Financial Protection Bureau since its inception in 2011.
Frotman is the latest high-level departure from the CFPB since Mick Mulvaney, President Donald Trump‘s budget director, took over in late November. But Frotman’s departure is especially noteworthy, since his non-partisan office is one of the few parts of the U.S. government that was tasked with handling student loan issues.
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Wednesday, July 25, 2018
Thursday, July 19, 2018
Tuesday, July 17, 2018
Credit Bureaus
Credit Bureaus tying again to avoid credit make themselves immune from credit repair regulations, so they can actually provide credit repair. How can the actual owners of the incorrect information(Bureaus), can then try to charge consumers to correct that very incorrect information?!?
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Thursday, July 12, 2018
Senate Hearing to be held Thursday July 12th
Senate Hearing to be held Thursday July 12th at 10am(Dirksen Senate Office Building): “An Overview of the Credit Bureaus and the Fair Credit Reporting Act”
TOPIC: THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing on “An Overview of the Credit Bureaus and the Fair Credit Reporting Act.” The witnesses will be Ms. Peggy L. Twohig, Assistant Director, Supervision Policy, Division of Supervision, Enforcement and Fair Lending, Bureau of Consumer Financial Protection; and Ms. Maneesha Mithal, Associate Director, Division of Privacy and Identity Protection, Bureau of Consumer Protection, Federal Trade Commission.
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Tuesday, June 19, 2018
Important Bill
Important Bill that allows utility and telecom companies and landlords to report on-time payment data to credit reporting agencies, helping those with little to no credit build their credit scores based on a full picture of their payment history
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