; (B) evaluate the Office of Federal Student Aid’s implementation of policy direction developed pursuant to paragraph (4); (C) develop and implement an oversight plan to ensure compliance by entities with which the Secretary has entered into a contract under section 456 of the Higher Education Act of 1965 with policy direction developed under paragraph (4) and regulations promulgated under this section; and (D) undertake other activities to improve coordination among the members of the working group as it relates to the Secretary’s administration of the Federal Direct Loan Program. (6) Rule of construction Nothing in this subsection may be construed to alter, limit, or restrict the Bureau’s obligations under chapter 5 of title 5, United States Code (commonly known as the Administrative Procedures Act ), including the Director’s obligation to provide notice, solicit public comment, and respond to such comment when issuing regulations. ; and (3) in the table of contents, by striking the item relating to section 140A and inserting the following: 140A. Postsecondary education loan borrower bill of rights. 140B. Procedure for timely settlement of estates of decedent obligors. . 3. Standards for reporting student loan information to consumer reporting agencies Section 623 of the Fair Credit Reporting Act ( 15 U.S.C. 1681s–2 ) is amended— (1) by adding at the end the following: (f) Reporting information related to student loans (1) Standards for reporting The Bureau, in consultation with the Secretary of Education, shall issue rules to establish standards for the furnishing of information related to student loans to a consumer reporting agency and any furnisher of such information shall comply with such rules. (2) Specific standards In issuing rules under paragraph (1), the Bureau shall specifically establish standards for the furnishing of information related to— (A) the transfer of the servicing of a student loan to a new servicer; (B) the loan term or duration of a student loan