Advocates Condemn Move by Consumer Bureau's Mulvaney to Shutter Student Loan Division That Uncovered Major Abuses by Predatory Lenders
May 09, 2018
May 09, 2018
BOSTON, Massachusetts, May 9 -- The National Consumer Law Center issued the following news release:
In an announcement today that he is closing the Consumer Financial Protection Bureau's Office of Students and Young Consumers, Interim Director Mick Mulvaney has eliminated a key watchdog that has been working to protect 44 million student loan borrowers from rampant abuses by servicers, debt collectors, and predatory lenders.
"Congress charged the consumer bure . . .
In an announcement today that he is closing the Consumer Financial Protection Bureau's Office of Students and Young Consumers, Interim Director Mick Mulvaney has eliminated a key watchdog that has been working to protect 44 million student loan borrowers from rampant abuses by servicers, debt collectors, and predatory lenders.
"Congress charged the consumer bure . . .