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25 States Urge Betsy DeVos To Not Let Student Loan Companies Sidestep The Law

25 States Urge Betsy DeVos To Not Let Student Loan Companies Sidestep The Law

7 years ago
Anonymous $ZOEEBQ1zf0

https://consumerist.com/2017/10/24/25-states-urge-betsy-devos-to-not-let-student-loan-companies-sidestep-the-law/

Since Betsy DeVos took over as Secretary, the Department of Education has been — to put it mildly — generous to the student loan industry. Through DeVos, the Trump administration has stopped cooperating with federal financial regulators to rein in unscrupulous loan servicers, and announced its plan to put all federal student loan accounts into the hands of a single company. But several states are letting it be known that they will not go easy on student lenders and servicers, even if they ask nicely.

This morning, a coalition of 25 state attorneys general urged DeVos and the Department of Education to reject a recent campaign by student loan servicers and debt collectors calling for the government to stymie state oversight of the industry.

25 States Urge Betsy DeVos To Not Let Student Loan Companies Sidestep The Law

Oct 24, 2017, 8:31pm UTC
https://consumerist.com/2017/10/24/25-states-urge-betsy-devos-to-not-let-student-loan-companies-sidestep-the-law/ >Since Betsy DeVos took over as Secretary, the Department of Education has been — to put it mildly — generous to the student loan industry. Through DeVos, the Trump administration has stopped cooperating with federal financial regulators to rein in unscrupulous loan servicers, and announced its plan to put all federal student loan accounts into the hands of a single company. But several states are letting it be known that they will not go easy on student lenders and servicers, even if they ask nicely. >This morning, a coalition of 25 state attorneys general urged DeVos and the Department of Education to reject a recent campaign by student loan servicers and debt collectors calling for the government to stymie state oversight of the industry.