It appears that Kathy Kraninger, the newly appointed head of the CFPB has been captured by the department and is trying to do her job. In a letter to Congress, she complained that the Department of Education is interfering with the CFPB efforts to police student loan scammers
administrators. CFPB Chief Says Education Department Is Blocking Student Loan Oversight
(npr). Imagine that! I'm shock, simply shocked, that policing is being attempted.
The letter is a carefully worded response to senators' questions. But Kraninger, a Trump administration appointee, is in essence saying that the CFPB is trying to do its job protecting student borrowers and supervising loan servicing companies, but the Education Department is getting in the way.
"It's actually quite remarkable," says Seth Frotman, executive director of the nonprofit Student Borrower Protection Center. "The head of the Consumer Financial Protection Bureau is telling the world that the secretary of education has put in place a series of policies that are obstructing federal law enforcement officials from standing up for the millions of Americans with student debt."