On the recordJune 10, 2019
Would it be a cleaner solution for Congress just to impose a fiduciary duty on the part of the servicers so that they have to act in the best interest of the student who takes out the loan?
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congress.govSteve Lynch: “Would it be a cleaner solution for Congress just to impose a fiduciary duty on the part of the servicers so that they…”
Editor's note · Context
Lynch suggests Congress should impose fiduciary duties on loan servicers for better student protection.
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I agree, it is onerous and it asks way too many questions, but, you know, we can work on that and make it better.
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