Democracy Forward, a nonprofit legal organization on behalf of the nonprofit advocacy group Student Debt Crisis, brought the lawsuit against the Trump administration — specifically Education Secretary Betsy DeVos, Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger, and their respective agencies — for “shirking their legal obligation” in supervising student loan servicers, especially those who handle federal loans.
Student loan reform group sues Education Secretary Betsy DeVos and CFPB Director Kathy Kraninger
https://finance.yahoo.com/news/student-loan-lawsuit-education-secretary-devos-cfpb-160011498.html
Share:A group of consumer advocates is suing both the Department of Education and America’s consumer watchdog for allegedly siding with predatory student loan servicers over millions of indebted borrowers amid a $1.5 trillion student debt crisis.