Congress could undo Obama-era student loan relief

By Lisa Lambert WASHINGTON (Reuters) - The U.S. Congress could as soon as January start to dismantle President Barack Obama's transformation of student loan rules by blocking freshly minted regulations designed to help students who say they were defrauded by for-profit colleges. The new measures, which lay out loan relief procedures for the students, were issued by the Department of Education just days before the election. It gives Congress 60 legislative days to reverse regulations with a simpl