After borrowers say they were ripped off, Minnesota lawmakers want stricter rules for student loan servicers
Rep. Zack Stephenson, R-Coon Rapids, and Sen. Zach Duckworth, R-Lakeville, on Monday, Feb. 22, put up a plan to require that student loan servicers get licensed through the state. The servicers would face civil penalties and having their license revoked if they mislead borrowers or misrepresented their services. The pair...
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