Warren, Schumer, Sanders Statement on Reported Attorneys General Investigations into MOHELA
Washington, D.C. – Today, U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee; Minority Leader Chuck Schumer (D-N.Y.); and Bernie Sanders (I-Vt.), Ranking Member of the Senate Health, Education, Labor, and Pensions Committee, released the following statement after reports of new investigations by multiple state attorneys general and regulators into student loan mismanagement by MOHELA, one of the nation’s largest student loan servicers:
“MOHELA’s mismanagement of Americans’ student loans has resulted in a series of abuses for hundreds of thousands of borrowers. We’ve previously urged state Attorneys General to investigate MOHELA and pursue action to the fullest extent possible under the law, and reports of these new investigations are an important step toward making right by our nation’s student loan borrowers — especially as the Trump Administration abandons and penalizes them. Americans deserve better than MOHELA’s failures.”
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