A new U.S. Department of Education regulation to narrow eligibility for a key student debt relief program for public service workers has drawn strong opposition from advocates who argue the regulation is an attempt to target organizations whose missions do not align with President Donald Trump’s agenda. Under a final rule slated to take effect […]
student loans
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Federal student loan ombudsman quits over Trump administration refusal to protect borrowers
The top federal official in charge of protecting student borrowers from predatory lenders, announced his resignation on Monday. In a letter to Acting Director of the Consumer Financial Protection Bureau (CFPB) Mick Mulvaney, Seth Frotman said the bureau’s current leadership is allowing student loan companies to “drive millions of Americans to financial ruin with impunity.”
