Loan Chief: $100K Should Be Returned to Borrowers

A former Trump official is taking legal action against the administration over its treatment of student-loan borrowers who miss payments.
At the end of October, A. Wayne Johnson — who oversaw the federal student-loan portfolio during President Donald Trump’s first term — launched a class action lawsuit with Georgia-based law firm Cooper, Barton, & Cooper, against the Department of Education and credit reporting firms Equifax, Experian, and TransUnion.
The lawsuit was filed on behalf of four borrowers who said they were falsely recorded as having defaulted on their loans and struggled to receive help from the department, and others similarly affected.
It accused the department and the credit reporting firms of