The Consumer Financial Protection Bureau is downgrading the office that protects student borrowers
The Consumer Financial Protection Bureau is downgrading the office that protects student borrowers
Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, has been on a mission to dismantle and reshape the agency. In his latest move, he’s targeting the student loan division. He’s folding that office, which is meant to protect student loan borrowers from any wrongdoing, into a different unit focused on consumer education. Think of it as a sort of downgrade, if you will. But what does the move actually mean, and how could it impact students?
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
