Just when student loans outstanding exceeded all other debt categories except mortgages and hit the $1.5 TRILLION mark.... Acting Consumer Financial Protection Bureau head Mick Mulvaney is shrinking efforts of the CFPB to protect students from unethical and illegal lenders. The May 11 Wall Street Journal reports that "Mulvaney dismantled a group that helped direct the agency's actions against predatory student loan debt collection practices...."
May 11, 2018
CFPB backs down on student loan oversight
Just when student loans outstanding exceeded all other debt categories except mortgages and hit the $1.5 TRILLION mark.... Acting Consumer Financial Protection Bureau head Mick Mulvaney is shrinking efforts of the CFPB to protect students from unethical and illegal lenders. The May 11 Wall Street Journal reports that "Mulvaney dismantled a group that helped direct the agency's actions against predatory student loan debt collection practices...."
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