Reported about 21 hours ago
The Trump administration has significantly reduced oversight of federal student loan servicers, leading to concerns about the protection of borrowers from errors and inadequate service. With the Consumer Financial Protection Bureau deprioritizing student loan issues and massive layoffs at the Department of Education eliminating critical oversight teams, advocates warn that this will worsen the already troubled student loan system, leaving borrowers vulnerable to mismanagement and fraud by loan servicers.
Source: YAHOO