Categories
payday loans requirements

Education Secretary Rolls Back Obama Management Federal Education Loan Servicing Policies

Education Secretary Rolls Back Obama Management Federal Education Loan Servicing Policies

Department of Education Terminates scholar Loan Sharing Agreements with CFPB, Announces Expanded concentrate on Enforcement and Consumer Protection

On August 31, the U.S. Department of Education presented a page notifying the CFPB it promises to terminate two Memoranda of Understanding (MOUs) involving the agencies concerning the sharing of data relating to the oversight of federal figuratively speaking. The MOUs which will end on September 30, 2017, would be the “Memorandum of Understanding between your Bureau of customer Financial Protection while the U.S. Department of Education regarding the Sharing of Information” (Sharing MOU), dated October 19, 2011, while the “Memorandum of Understanding Concerning Supervisory and Oversight Cooperation and Related Information Sharing involving the U.S.