Worries That A Federal Student Loan Watchdog Will Be Muzzled
“Why did this bureaucratic-sounding announcement trigger a sheaf of critiques from consumer groups, California’s attorney general and at least two U.S. senators? Because student loans just crossed the $1.5 trillion mark. They are the biggest category of borrowing after mortgages. And since 2012, when college students are mistreated or misled, the CFPB’s Student and Young Consumer division has been there to help:”