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DonViejo

(60,536 posts)
Tue Sep 5, 2017, 12:41 PM Sep 2017

DeVos ends agreement to work on student loan fraud

Source: The Hill




BY SYLVAN LANE - 09/05/17 12:30 PM EDT

The Education Department on Friday announced it will stop working with the Consumer Financial Protection Bureau (CFPB) to police student loan fraud.

The department, now led by Education Secretary Betsy DeVos, cancelled agreements with the CFPB from 2011 and 2013 that established the working relationship, arguing the agency violated their terms by overstepping its boundaries.

Education Department officials said the CFPB violated the agreements by not directing complaints about Title IV student loans to the department within 10 days; instead, the bureau addressed the cases.

The Education officials said the department “takes exception to the CFPB unilaterally expanding its oversight role to include the Department’s contracted federal loan servicers,” and called it “characteristic of an overreaching and unaccountable agency.”

Read more: http://thehill.com/policy/finance/349223-education-dept-ends-agreement-to-work-with-consumer-bureau-on-student-loan

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DeVos ends agreement to work on student loan fraud (Original Post) DonViejo Sep 2017 OP
In other words they were doing too good a job Kber Sep 2017 #1
Hmmmmmm.................... MyOwnPeace Sep 2017 #2
She is married to Dick DeVos, son of Richard DeVos Sr., a founder of Amway. Botany Sep 2017 #3
Trump is so bad, we forget the horrible people he's appointed doing just as much damage. johnnyrocket Sep 2017 #4
sometimes i just wish they'd tell the fucking truth. barbtries Sep 2017 #5
Hey DeVos-----------------FUCK YOU turbinetree Sep 2017 #6
more destroying government accountability TeamPooka Sep 2017 #7
Wow predatory loan thugs.. the Department has thier back lunasun Sep 2017 #8
she is a repulsive individual. nt Javaman Sep 2017 #9
Open season not fooled Sep 2017 #10
K&R smirkymonkey Sep 2017 #11
Somebody needs to BlueIdaho Sep 2017 #12
Predatory loan companies going to continue to be predatory loan companies. Initech Sep 2017 #13
Guess she's fine with fraud. sakabatou Sep 2017 #14

barbtries

(28,811 posts)
5. sometimes i just wish they'd tell the fucking truth.
Tue Sep 5, 2017, 12:55 PM
Sep 2017

we and our friends engage in this fraud and it's lucrative so we're just going to let it go on.

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