Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Jim Wehmann, executive vice president of FICO Scores, to discuss some of FICO’s newest innovations, including the FICO Score Planner.
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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.
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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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.
