Westbrook, MAINE - In case you missed it, Democratic Senator Eloise Vitelli penned an op-ed in the Portland Press Herald today outlining how Maine Democrats, under her leadership, are spearheading an effort to protect student loan borrowers from predatory lending practices:
“My bill, L.D. 1507, An Act to Establish a Student Loan Bill of Rights to License and Regulate Student Loan Servicers, offers basic consumer protections to borrowers of all ages. It makes a series of changes within the Maine Bureau of Consumer Credit Protection to identify prohibited tactics, monitor student loan servicers and provide appropriate consequences for violators. It’s that simple.
“If we are serious about attracting young people to our state and keeping them here, we need to address the student debt crisis that’s already holding back a whole generation of adults. This legislation is an opportunity to do some good for Maine students – of all ages – and their families by protecting them from predatory lending practices so they can fully participate in our communities and economy.”
You can read the entire op-ed HERE.
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