Student Loan Refinance Market Should Get Government Boost, Top Regulator Suggests

The U.S. government should help to develop a market for student loan borrowers to refinance high-cost debt in order to allow younger households to benefit from the Federal Reserve's efforts to provide cheaper borrowing, a senior regulator has suggested. Rohit Chopra, the official responsible for student loans at the Consumer Financial Protection Bureau, is due to tell lawmakers on Tuesday that if harmful market practices such as poor loan servicing or structural impediments such as a concentrate...