HR 7359 United States House · 118th Congress

CFPB Student Loan Integrity and Transparency Act

This bill requires the Consumer Financial Protection Bureau (CFPB) and the Department of Education to share student loan complaint data and coordinate oversight. It mandates that each agency transfer complaints about federal student loans (title IV) or private student loans to the other agency within 10 days of receipt. The agencies must collaborate on resolving complaints involving both federal and private loans, including creating a process for handling issues with defaulted federal loans and private collection agencies. This improves transparency for borrowers by ensuring both agencies work together to address concerns about student loan servicing and origination.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
President
Introduced Feb 14, 2024 Last action Feb 14, 2024
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Committee
1
Feb 14, 2024
Committee
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Feb 14, 2024
Introduced
Introduced in House
lower
1 primary · 9 co-sponsors

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