Trump administration wants to give exploitive student loan companies more power

President Donald Trump speaks during a news conference with Swedish Prime Minister Stefan Lofven in the East Room of the White House, Tuesday, March 6, 2018, in Washington. (AP Photo/Evan Vucci)

Private companies outsourced by the federal government to collect the one-trillion-plus dollars owed in student debt across the nation have faced lawsuits from a number of states and the Consumer Financial Protection Bureau for their exploitative practices.

In-spite of this, it’s looking like they may be awarded, rather than punished for their reprehensible behavior, by the Trump administration very soon.

A confidential memo drawn up up by Betsy DeVos’ Education Department, which LA Times Consumer Columnist David Lazarus got his hands on, revealed there are plans to undermine laws states, including California, have enacted to minimize the power of such lenders.

Lazarus is furious! He joined host Ethan Bearman to discuss his frustration over his discovery and provide additional details on the subject. Plus, he asked where are the politicians in Washington when the states need their help — for instance, gun control?

Listen to their conversation below!

 

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