A Republican who oversaw the country's $1.6 trillion federal student loan portfolio during President Donald Trump 's first term has funded a class action effort against the administration over its current borrower policies.

The proposed class action lawsuit, filed this week in federal court in Atlanta, said Education Secretary Linda McMahon and the largest credit rating companies are violating the Fair Credit Reporting Act — a federal law that, among other provisions, requires information in consumer credit reports to be accurate.

According to the lawsuit, the Trump administration reported federal student loan borrowers as late on their bills to credit rating agencies while being unable to enroll them in repayment plans or to provide them with sufficient consumer support. It said

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