Office of Management and Budget Director Mick Mulvaney, who is also acting director of the Consumer Financial Protection Bureau, during a news briefing on Jan. 20. Some of the most significant student lending cases brought by the federal government in recent years derived from the student office at the CFPB, Peterson said. “America is facing an ongoing student debt crisis, with outstanding student debt surpassing $1.5 trillion and over 8 million borrowers in default on their student loans. Advocacy groups say dismantling the office for students follows a troubling pattern of Mulvaney weakening the consumer watchdog agency. and Richard Blumenthal (D-Conn.), asked for a list of all meetings, calls and documents shared between the student loan company and bureau leadership since January.

Source: Washington Post May 09, 2018 18:37 UTC