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Some student loan companies have ‘derailed’ debt relief for public servants, a Democratic senator says – and he wants Biden’s education department to expand relief

Sen. Bob Menendez (D-NJ), Chairman of the Senate Foreign Relations Committee, speaks during a hearing to review U.S.-Russian policy at the U.S. Capitol on December 7, 2021 in Washington, DC.Alex Brandon-Pool/Getty ImagesStudent loan borrowers placed on probation during their studies…

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FG raids seven illegal loan companies

At least seven digital lending companies operating in Ikeja, Lagos were raided in a joint operation by the Federal Competition Consumer Protection Commission, the Independent Corrupt Practices and Other Related Offenses Commission, the Agency National Information Technology Development and Nigerian…

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‘Illegal conduct’ by student loan companies can ruin borrowers’ chances of debt forgiveness, says Biden’s top consumer watchdog – and they’re set to come under scrutiny thorough

President Joe Biden's top consumer watchdog said it is cracking down on bad behavior by student loan companies that is hurting some borrowers' chances for forgiveness. Last week, the Consumer Financial Protection Bureau (CFPB), headed by Rohit Chopra, released a…

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