Business Insider: Interview: Elizabeth Warren puts student-loan servicers on notice. The 'days are over' when they could do 'a terrible job.'
Over the span of two weeks this July, two student-loan companies shut down their services. Good, said Massachusetts Sen. Elizabeth Warren, who is holding a Senate hearing on Tuesday to discuss how to best protect borrowers as they transition to new servicers. She told Insider that other companies should consider it a warning.
"The world has changed for student-loan-debt servicers," Warren said. "They can't sign a contract, do a lousy job, cost borrowers tons of money, and still get their contracts renewed."
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By: Ayelet Sheffey
Source: Business Insider
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