Mulvaney Shutters Consumer Bureau's 'Office of Students' As Student Loan Debt Bends the Backs of Hardworking Americans
WASHINGTON, D.C. – Mick Mulvaney, the unlawful Acting Director of the Consumer Financial Protection Bureau (CFPB), announced today that he is closing the Bureau’s Office of Students and folding it into the Office of Financial Education. The closure is the latest in a series of actions and proposals that threaten to undermine the consumer protections that have been put into place by the CFPB to address large-scale abuses within our financial system. Whitney Barkley-Denney, senior policy counsel with the Center for Responsible Lending, issued the following statement: The former director of the