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Warren Blames CFPB Cuts; Senate Demands Loan Data

6/17/2026

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Story summary
  • Warren linked student-loan credit-report errors to the 90 percent CFPB staffing cut under President Donald Trump.
  • Democratic senators sent Experian, TransUnion and Equifax a request for student-loan data verification by June 30.
  • A Senate investigation found complaint resolutions fell from about 20 percent in 2024 to far fewer in 2025 after CFPB oversight was reduced.
  • Equifax reported a 99.81 percent accuracy rate in May 2026 and a $3 billion cloud-technology investment.