Under Mulvaney, the bureau has scaled back its enforcement work and has proposed revising or rescinding all of the rules and regulations put into place under the Obama administration. Mulvaney downgraded the mission of Frotman's student loan office this summer and moved it under the umbrella of consumer education instead of enforcement. At the time, Mulvaney's office said it was a minor organizational shake-up, but consumer advocates saw the change as a move to downplay the CFPB's mission when it came to student loans.

Source: Los Angeles Times August 27, 2018 15:08 UTC