To amend the Consumer Financial Protection Act of 2010 to establish the position of the Assistant Director and Student Loan Borrower Advocate of the Bureau of Consumer Financial Protection, to provide a framework for the Bureau of Consumer Financial Protection and the Department of Education to coordinate in providing assistance to and serving borrowers seeking to resolve complaints related to their private education or Federal student loans, and for other purposes.

# HR 7671 Summary **What the Bill Would Do** This bill would create a new position—an Assistant Director and Student Loan Borrower Advocate—within the Consumer Financial Protection Bureau (CFPB), a federal agency that handles consumer complaints. The bill would also require the CFPB and the Department of Education to work together to help student loan borrowers resolve complaints about both federal and private student loans. Essentially, it aims to establish a dedicated advocate specifically focused on protecting student loan borrowers and improving how complaints are handled across agencies. **Who It Affects** Student loan borrowers would be the primary beneficiaries, as they would have a dedicated advocate to help with complaints.

The bill also affects the CFPB and Department of Education, which would need to coordinate their efforts and resources. Private student loan lenders and federal loan servicers may also be impacted by increased oversight and complaint handling requirements. **Current Status** The bill was introduced by Representative Suzanne Bonamici (D-OR) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives. For a bill to become law, it must pass both the House and Senate and be signed by the President.