deanrd
Gold Member
- Joined
- May 8, 2017
- Messages
- 29,411
- Reaction score
- 3,627
- Points
- 290
Student Loan Watchdog Quits, Says Trump Administration 'Turned Its Back' On Borrowers
"Unfortunately, under your leadership, the Bureau has abandoned the very consumers it is tasked by Congress with protecting," it read. "Instead, you have used the Bureau to serve the wishes of the most powerful financial companies in America."
The letter raises serious questions about the federal government's willingness to oversee the $1.5 trillion student loan industry and to protect student borrowers.
Since 2011, the CFPB has handled more than 60,000 student loan complaints and, through its investigations and enforcement actions, returned more than $750 million to aggrieved borrowers. Frotman's office was central to those efforts. It also played a role in lawsuits against for-profit giants ITT Tech and Corinthian Colleges and the student loan company Navient.
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This is just one of the reasons why young people aren’t joining the Republican Party.
Of course Republicans don’t want people educated. When they are educated they don’t vote Republican.
These people are trying to do everything they can to have a better life and the only thing that stands in their way are Republicans ripping them off.
"Unfortunately, under your leadership, the Bureau has abandoned the very consumers it is tasked by Congress with protecting," it read. "Instead, you have used the Bureau to serve the wishes of the most powerful financial companies in America."
The letter raises serious questions about the federal government's willingness to oversee the $1.5 trillion student loan industry and to protect student borrowers.
Since 2011, the CFPB has handled more than 60,000 student loan complaints and, through its investigations and enforcement actions, returned more than $750 million to aggrieved borrowers. Frotman's office was central to those efforts. It also played a role in lawsuits against for-profit giants ITT Tech and Corinthian Colleges and the student loan company Navient.
———
This is just one of the reasons why young people aren’t joining the Republican Party.
Of course Republicans don’t want people educated. When they are educated they don’t vote Republican.
These people are trying to do everything they can to have a better life and the only thing that stands in their way are Republicans ripping them off.