Biden's Education Department just finalized a rule allowing states to protect student-loan borrowers from 'unfair and deceptive practices,' reversing the Trump administration's efforts

• The Education Department finalized a rule to allow state oversight into federal student-loan servicers.
• It reverses efforts from Trump's administration to prevent states from stepping in.
• The rule is intended to protect borrowers from misleading behavior or inaccurate payment counts.

President Joe Biden's Education Department just finalized a rule allowing states to step it when student-loan companies engage in bad behavior.