Trump Appointee Shuts Down CFPB Office for Students and Younger Consumers: What Our Partners and Allies Think
9 May 2018
In the latest move by the Trump Administration to undercut consumer protections, Trump’s Acting Director of the Consumer Financial Protection Bureau announced his plan to eliminate the office that exclusively focused on serving and protecting student loan borrowers.
Here is what our partners had to say about this dire action against student loan borrowers.
14 June 2017
Today, the U.S. Department of Education announced steps to change two important higher education regulations—a delay of borrower defense and a renegotiation of the gainful employment rule—and… Read moreBlog, Press
Betsy DeVos Rescinds Protections for Student Loan Borrowers: What We and Our Partners Have To Say About That
12 April 2017
“Secretary DeVos’ first actions on student debt prove that her Department prioritizes the financial interest of debt collectors and servicers over the rights of borrowers. Eliminating these safeguards will allow companies to harass borrowers and continue to provide shoddy service. We hear constantly from borrowers who are struggling with their servicers, and we only expect these complaints to intensify with these most recent, regressive rollbacks.”Blog, Press
28 October 2016
Today the Department of Education released its final regulations on protecting students and taxpayers from predatory institutions, and ensuring a process of loan forgiveness in cases of… Read moreBlog, Media, Press
29 September 2016
Senator Elizabeth Warren (D) from Massachusetts sent an open letter to Education Secretary John King highlighting The Department of Education’s sinister debt collection priorities over debt relief for past students of the fraudulent Corinthian Colleges.Blog, Press