Student Loan Watchdog to Leave U.S. Consumer Agency

June 18, 2015

The official who has driven the U.S. Consumer Finance Protection Bureau's increasingly aggressive scrutiny of student loans and for-profit higher education is leaving the agency. Rohit Chopra, the new agency's first student loan ombudsman, said in a letter the Treasury Secretary Jacob Lew that he would depart next week after four years of work to "assist borrowers, promote transparency, and hold accountable those who break the law."

Chopra has been a vigilant advocate for student loan borrowers as the agency has taken on issues such as colleges' use of debit cards, companies that offer "debt relief,"  and debt forgiveness for students whose for-profit colleges may have misled them.

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