CFPB's Mick Mulvaney's Decision to Eliminate Bureau's Office of Students and Young Consumers Leaves Borrowers Vulnerable to Lending Abuses
May 09, 2018
May 09, 2018
WASHINGTON, May 9 -- The Consumers Union issued the following news release:
Acting CFPB Director Mick Mulvaney's decision today to eliminate the Office of Students and Young Consumers raises serious concerns about the Bureau's future ability to uncover and stop abusive lending practices, according to Consumers Union, the advocacy division of Consumer Reports. The move comes as education debt has climbed to over $1.5 trillion and after tens of thousands of borrowers have fi . . .
Acting CFPB Director Mick Mulvaney's decision today to eliminate the Office of Students and Young Consumers raises serious concerns about the Bureau's future ability to uncover and stop abusive lending practices, according to Consumers Union, the advocacy division of Consumer Reports. The move comes as education debt has climbed to over $1.5 trillion and after tens of thousands of borrowers have fi . . .