The barr defense rule pursuant to Committee Rule 7c, Opening Statements are limited to chair and Ranking Members. This allows us to hear from witnesses sooner and provides all members time to ask questions. Id like to thank secretary betsy devos and thank her to hold enough time to allow all of the members present and have five minutes of questions pursuant to house rules. I am especially thankful pause in this chair i am exercising my prerogative to go last in the question order. So if she were to leave early, i wouldnt get to answer questions. I thank you for agreeing to stay with us the full time. I recognize the opening statement. We are here to examine the department of educations implementation of the baar defense rule. I want to thank you, madam secretary, to discuss this important issue. The bar defense rule is grounded in basic fairness. Students face severe financial and emotional consequences and it is, therefore, cruel and counterproductive for the federal government to com
The hearing focused on the departments implementation of the Student Loan Debt for forgiveness program. Its aimed at helping highly indebted students with loans that misrepresented graduate outcomes and potential salaries. Meeting on education and labor will come to order. I want to welcome everyone and note decorum is present. The oversight hearing from the department of educations implementation of the barr defense rule pursuant to Committee Rule 7c, Opening Statements are limited to chair and Ranking Members. This allows us to hear from witnesses sooner and provides all members time to ask questions. Id like to thank secretary betsy devos and thank her to hold enough time to allow all of the members present and have five minutes of questions pursuant to house rules. I am especially thankful pause in this chair i am exercising my prerogative to go last in the question order. So if she were to leave early, i wouldnt get to answer questions. I thank you for agreeing to stay with us the
2019 annual report which outlines the bureaus significant work between october 2018, and march 2019, including rulemakings and supervisor and its regulatory activities. The report also provides insight into what the cfpb plans to undertake in the coming work. Go. Since the into her role last november Kathleen Kraninger demonstrated a commitment to ensuring consumers have access to a wide range of Financial Products and services that meet individual needs, fostering innovation and vigorously protecting consumers. Reflecting this commitment to the cfpbs mission Kathleen Kraninger conducted an extensive Cross Country listening tour with a spectrum of cfpb stakeholders during her first month on the job. Kathleen kraningers conversations with consumers, industry and federal and state regulators have improved cfpb engagements, informed their supervision and regulatory processes and improved agency transparency. In the semiannual report director Kathleen Kraninger highlighted the cfpb has tak
October 2018 and march 2019. Including rulemaking and supervisory and regulatory activities. The report provides insight into what the cfpb plants undertake in the coming work period, since stepping into a roll last december director can injure understands consumers have access to a wide range of Financial Products and services that meet their individual needs, fostering innovation and vigorously protecting consumers. Reflecting this commitment to the cfpbs mission, director crandall conducted an extensive Cross Country listening tour with the full spectrum of cfpb stakeholders during her first month on the job area director creditors conversations with consumers, industry and fellow federal and state regulators have improved engagement, informed their supervision and regulatory processes and improve Agency Transparency area in the semiannual report, director preminger also highlighted the cfpb has taken steps to strengthen the consumer marketplace by providing Financial Institutions c
Banking committee. Senator crapo this meeting will come to order. The cfpb issued its report which outlines the bureaus work between september 2019 and march 2019, including rule makings and supervisor activities. It also provides insight into what the cfpb plans to undertake in the work period. Since stepping into her role last december, director kraninger has demonstrated a commitment to making sure consumers have access to a wide range of products and services to meet their individual needs, fostering innovation and vigorously protecting consumers. Reflecting this commitment to the cfpbs mission, director kraninger conducted a crosscountry listening tour with the full spectrum of stake holders in her first months on the job. The directors conversations with consumers, industry, and fellow federal and state regulators have improved cfpb engagement, informed their supervision an regulatory processes, and improved agency transparency. In a semiannual report, director kraninger also hig