Consumer Financial Protection – Our Work – Page 2

Statement from Barmak Nassirian on President Biden’s Executive Order on PSLF and Student Loans

Statement from Barmak Nassirian Vice President for Higher Education Policy, Veterans Education Success on President Biden’s Executive Order Transforming Federal Customer Experience and Service Delivery to Rebuild Trust in Government December 13, 2021 "We appreciate [...]

Our Public Comment Seeking Changes to the Department of Veterans Affairs’ Proposed Rule on Reporting Debts to Credit Reporting Agencies

September 21, 2021 Submitted via electronic portal Jason Hoge Director of Operations Debt Management Center Office of Management, 189 1 Federal Drive Suite 4500 Fort Snelling, MN 55111 Re: RIN 2900-AR20-Threshold for Reporting VA Debts [...]

Letter From 5 Higher Ed Organizations to The National Council for State Authorization Reciprocity Agreements on Student Protection

National Council for State Authorization Reciprocity Agreements President/CEO and Board of Directors 3005 Center Green Drive Suite 130 Boulder, Colorado 80301 July 26, 2021 Re: Call for Policy Proposals Dear President Williams and Members of [...]

MSO/VSO Letter Supporting the Expansion of the MLA to All Americans in the 117th Congress

May 21, 2021 The Honorable Sherrod Brown, Chairman Senate Committee on Banking SD-534 Dirksen Senate Office Committee Washington, DC 20510 The Honorable Jack Reed Senate Committee on Banking SD-534 Dirksen Senate Office Committee [...]

MSO/VSO Letter Supporting the Reinstatement of Supervisory Exams for Military Lending Act Compliance

January 27, 2021 President Joseph R. Biden, Jr. The White House 1600 Pennsylvania Avenue, N.W. Washington, D.C. 20500 Dear President Biden: The undersigned military and veterans service organizations represent millions of current and former servicemembers, [...]

Be Careful of Income Sharing Agreements

By Alex Kish At this point in the game, it might seem cliché to talk about the impact COVID-19 has had on higher education and how students have been forced online. But that doesn’t [...]

Our Public Comment to the OCC about “Fair Access to Financial Services”

January 4, 2021 Chief Counsel’s Office Comment Processing Office of the Comptroller of the Currency 400 7th Street SW, Suite 3E-218 Washington, DC 20219 Re: Proposed “Fair Access to Financial Services,” Docket ID [...]

Our Public Comment About the Role of Supervisory Guidance to CFPB

January 4, 2021 Director Kathleen Kraninger Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552 Re: Role of Supervisory Guidance, Docket No. CFPB-2020-0033 or RIN 3170-AB02 Dear Director Kraninger: [...]

Military.com: Act Now So You Don’t Fall Off the Student Loan Cliff on September 30, 2021

On January 21, 2021 President Biden directed the Education Department to pause payments and interest on all federally-held student loans until September 30, 2021. Read more about it here. This blog was originally posted [...]

Why Are So Many of Our Military Members Missing Out on Student Loan Forgiveness?

Originally posted here By Mike Saunders and Seth Frotman | November 11, 2020 In 2017, the CFPB reported that 200,000 servicemembers owe nearly $3 billion in federal student loan debt. As this debt looms over the lives [...]

Our Press Release: Consumer Financial Protection Bureau Rescission of Ability to Repay Puts Servicemembers and Veterans at Greater Risk of Being Preyed on by Lenders

For Immediate Release Contact: Mike Saunders | Director of Military & Consumer Policy (202) 838-5050 July 9, 2020 Consumer Financial Protection Bureau Rescission of Ability to Repay Puts Servicemembers and Veterans at Greater Risk of [...]

Military.com: What Veterans Need to Know About Federal Debts During the Coronavirus Pandemic

This article was originally published by Military.com on May 14, 2020. What Veterans Need to Know About Federal Debts During the Coronavirus Pandemic Mike Saunders is a U.S. Army veteran and director of military and [...]

Press Release: Advocates and Veterans Groups Urge Financial Institutions to Follow Military Consumer Protection Law During Covid-19 Mobilizations

Advocates and Veterans Groups Urge Financial Institutions to Follow Military Consumer Protection Law During Covid-19 Mobilizations Financial Companies’ Track Record of Servicemember Violations Warrants Enhanced Protections Amid Pandemic May 1, 2020 | WASHINGTON, DC — [...]

What Military-Connected Students Need to Know During the Coronavirus Pandemic

Mike Saunders is a U.S. Army Veteran and Director of Military & Consumer Policy at Veterans Education Success. Tanya Ang is Vice President of Veterans Education Success and has worked in higher education supporting military-connected [...]

Our Oral Testimony on VA’s Debt Collection & GI Bill Overpayments

On Sept. 19, 2019, Veterans Education Success' Director of Military & Consumer Policy, Mike Saunders, testified before the House Veterans Affairs Committee, Subcommittee on Oversight & Investigations, regarding GI Bill "overpayments" and VA's aggressive debt [...]

Our Written Testimony for House Veterans Affairs Hearing on VA Debt Collection Practices

Veterans Education Success Director of Military & Consumer Policy Mike Saunders' written testimony regarding VA's debt collection practices and GI Bill "overpayment" issues. Testimony of Mike Saunders, Director of Military and Consumer Policy Veterans Education Success [...]

Consumer Financial Protection – Our Work