or have questions about the content, Robert G. Cameron has been appointed to serve as the Consumer Financial Protection Bureau’s (CFPB) private education loan ombudsman.© Shutterstock Cameron joins the CFPB from the Pennsylvania Higher Education Assistance Agency, where he was a high-ranking official responsible for litigation, compliance, and risk mitigation efforts. Robert W. Cameron focuses his practice on representing management in all aspects of labor and employment law. This site is protected by reCAPTCHA and the Google — Kentucky finds 1,000 teachers violated law during ‘sickouts’: — Maryland Gov.
— Robert Cameron will become the CFPB’s next private education loan ombudsman, the bureau announced Friday. By signing up you agree to receive email newsletters or alerts from POLITICO.
In its The implication that the Obama-era CFPB and its student loan ombudsman may have exceeded their authority frustrates Seth Frotman, the previous watchdog who resigned in protest a year ago. When borrowers feel surprised or misled, it's servicers that often take the brunt of their anger.During the Obama administration, the CFPB and its private loan watchdog regularly fielded borrower complaints and heard this anger. "There's the Department of Education. "If you've got the experience, you know, shame on you," Delisle says. Robert G. Cameron, a former official at the Pennsylvania Higher Education Assistance Agency, will succeed Seth Frotman as the bureau's point person on student lending complaints.
Cameron, who served in the U.S. Army for 29 years and is a Colonel and Staff Judge Advocate for the Pennsylvania Army National Guard, joins the Bureau from the Pennsylvania Higher Education Assistance Agency—a national student loan servicing company. Mr. Cameron has also served in Pennsylvania’s Treasury Department and in the Governor’s Office of General Counsel. Delivered every Monday by 10 a.m., Weekly Education examines the latest news in education politics and policy. The CFPB has announced the appointment of Robert G. Cameron to serve as the Bureau's Private Education Loan Ombudsman. "The quality of that oversight is a separate question.Earlier this year, though, the Education Department's own inspector general Delisle at AEI and Frotman, the former student loan ombudsman, do agree on one thing. It's called the Pennsylvania Higher Education Assistance Agency, known as PHEAA.
He suggests it makes sense to have an industry veteran in such an oversight role.This fight, though, isn't just about one man or his experience. According to CFPB’s press release, Robert Cameron, the new student-loan ombudsman, worked directly on PHEAA’s legal maneuverings.Here’s how the … Bloomberg via Getty Images Washington, D.C. – The Consumer Financial Protection Bureau (Bureau) announced the appointment of Robert G. Cameron to serve as the Bureau’s private education loan ombudsman. The company is one of the largest loan servicers, which contract with the federal government to handle payments on millions of student loans. Elizabeth Warren Slams CFPB Student Loan Watchdog Hire Robert Cameron was a top lawyer for one of the country's largest student loan servicers.
The Dodd-Frank Act gave the Treasury Secretary, in consultation with the CFPB Director, the authority to designate the ombudsman. Shocker of the Day: Trump Admin’s New Student Loan Watchdog, Robert Cameron, is a Former Student Loan Executive Ryan J. Farrick — August 20, 2019 Image Courtesy of The Student Loan Report
CFPB director Kathy Kraninger named Robert G. Cameron, who was a top official at the Pennsylvania Higher Education Assistance Agency, as the agency's student loan ombudsman.
There's Congress. CFPB, Consumer Financial Protection Bureau, FedLoan Servicing, Finance, Jonathan Wolf, Law Schools, Loan Forgiveness, Robert Cameron, Student Debt, Student Loans Love ATL? Larry Hogan says he won’t support big tax hikes for major education funding plan: — A big charter school struggle in Pennsylvania has been galvanized by a Democratic governor: Mr. Cameron is a Colonel and Staff Judge Advocate for the Pennsylvania Army National Guard.
"I wouldn't go all the way," Delisle says. The ombudsman is also responsible for compiling and analyzing complaint data on private education loans and making appropriate recommendations to the Secretary of the Treasury, the Bureau Director, the Secretary of Education, and Congress.While at the Pennsylvania Higher Education Assistance Agency, Mr. Cameron directed a staff of attorneys and other personnel and oversaw compliance activities at the agency. In his new role officials said Cameron would be responsible
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Cameron, who served in the U.S. Army for 29 years and is a Colonel and Staff Judge Advocate for the Pennsylvania Army National Guard, joins the Bureau from the Pennsylvania Higher Education Assistance Agency—a national student loan servicing company. He was also responsible for ensuring the Pennsylvania Higher Education Assistance Agency’s compliance with numerous federal and state laws, including the Dodd-Frank Act. We will update you on new newsroom updates. On August 16, the CFPB announced Robert G. Cameron as the Bureau’s private education loan ombudsman. Subscribe to our RSS feed to get the latest content in your reader.
All Rights Reserved Write CSS OR LESS and hit save. Frotman is now executive director of the Student Borrower Protection Center.Delisle at AEI says that even if this new ombudsman stops overseeing federal student loans and servicers entirely, other agencies have been and will continue to police them. To help, they argued that they were within the law to oversee not only private loans but federal loan servicers, too. There, according to the Jason Delisle, who studies higher education policy at the conservative American Enterprise Institute, says Cameron is in a no-win situation with his critics. Warren also sent letters to Treasury Secretary Steven Mnuchin and directly to Cameron, writing, "your employment history presents an irresolvable conflict of interest that will prevent you from being able to serve as an effective Student Loan Ombudsman.
The Dodd-Frank Act created a private education loan ombudsman position within the Bureau. Subscribe to our email newsletter.
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