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The Consumer Financial Protection Bureau says friends and family members have had to declare bankruptcy, had wages garnished and their homes repossessed after signing unenforceable “admission agreements.”
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Ninety-nine percent of applications for Public Service Loan Forgiveness have been denied. A former student loan watchdog saw it coming.
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In a stern letter to the acting director of the Consumer Financial Protection Bureau, Mick Mulvaney, Senate Democrats demanded evidence that he is safeguarding student borrowers.