Sec. 2. Definitions
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In this Act: The term agency means the Bureau or the Department, as applicable, and the term agencies means both the Bureau and the Department. The term Bureau means the Bureau of Consumer Financial Protection. The term complaint means a comment, inquiry, or request for assistance from a student loan borrower. The term Department means the Department of Education. The term Director means the Director of the Bureau. The term Federal consumer financial law has the meaning given that term under section 1002 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 ).
The term institution of higher education has the meaning given that term under section 102 of the Higher Education Act of 1965 ( 20 U.S.C. 1002 ). The term nonpublic information means— confidential information, as such term is defined under section 1070.2 of title 12, Code of Federal Regulations; any information collected by the Department from persons engaged in student financial services activities pursuant to the Department’s oversight and other authorities that is not publicly available; and the name, address, or other personally identifiable information relating to any consumer, including any information so designated by a provider of information.
The term private education loan has the meaning given that term under section 140(a) of the Truth in Lending Act ( 15 U.S.C. 1650(a) ). With respect to information shared between the agencies, the term provider means the agency providing the information to the other agency. With respect to information shared between the agencies, the term receiver means the agency receiving the information from the other agency. The term Secretary means the Secretary of Education. The term student financial services means consumer financial products or services (as defined under section 1002 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 )) that are related to students of institutions of higher education, including student loan origination and student loan servicing.
The term title IV loans means loans made, insured, or guaranteed under title IV of the Higher Education Act of 1965.
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