The U.S. Department of Education announced on Wednesday that it had hired a former top official at the Consumer Financial Protection Bureau, Rohit Chopra, to help it beef up services for student-loan borrowers, including those in the military.
During Mr. Chopra’s tenure at the bureau, where he was an assistant director, it sued two big for-profit-college companies — ITT Educational Services Inc. and Corinthian Colleges Inc. — over allegations of abusive lending practices. It also issued numerous critiques of student-loan-servicing companies and of deals between credit-card companies and colleges.
Mr. Chopra, who left the bureau last summer for the Center for American Progress, has also criticized the student-loan system, saying it was due for “a major redo.”
Read more at The Chronicle of Higher Education: https://chronicle.com/blogs/ticker/rohit-chopra-a-former-student-loan-watchdog-joins-education-dept/107833
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