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Biden’s Education Department will make it easier to monitor student loan servicers by rescinding a Trump-era policy

Richard Cordray

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Richard Cordray, the head the Education Department’s Office of Federal Student Aid (FSA), is remaining committed to helping student loan borrowers through new issued guidance that would enhance oversight of student loan servicers.

On Friday, Cordray — former head of the Consumer Financial Protection Bureau (CFPB) and an ally of Sen. Elizabeth Warren — issued guidance that would expedite the process for states to receive data from student loan servicers, increasing oversight to protect student loan borrowers from potential violations of the law.

Cordray wrote in a blog post that, as former head of the details ⇒

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