The U.S. Department of Education announced Joseph A. Smith has been appointed as special master to help the department and student borrowers through the debt relief process in the wake of the Corinthian Colleges shutdown. Smith's appointment is a part of the Obama administration'sdebt relief plan that is expected to help federal borrowers who can prove they were defrauded by their college.
Smith was appointed in 2013 to monitor consumer relief obligations included in the $13 billion settlement between the U.S. Department of Justice and JPMorgan Chase. In 2012, he was appointed by a bipartisan group of state attorneys general, the federal government and the five largest mortgage servicers to monitor the National Mortgage Settlement -- the largest consumer financial protection settlement in U.S. history.
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2015/06/26/education-dept-selects-official-develop-debt-relief-process