Democratic senators raise alarm over credit reporting errors from student loan servicers

Democratic senators led by Elizabeth Warren are pressing Equifax, Experian and TransUnion over allegations they’ve allowed incorrect student‑loan reports to go uncorrected, potentially hurting borrowers’ credit.
Lawmakers blame cuts to CFPB oversight and poor servicer performance — an advocacy group says servicers have cost borrowers “billions” — and note millions face a July 1 repayment‑plan change.
Bureaus push back: Equifax touts 99.81% accuracy and ongoing fixes, TransUnion says it will engage, and all three have been asked to respond by June 30.