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Cordray was head of the Consumer Financial Protection Bureau for five years until he chose to run for Ohio governor in 2018. Cordray says the agency is under threat from President Donald Trump.
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In the short run, the fate of the Consumer Financial Protection Bureau hangs in the balance. In the long run, the future of independent regulatory agencies are at stake.
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Democratic lawmakers sent a letter to the director of the nation's top consumer watchdog agency demanding that the Consumer Financial Protection Bureau do its job supervising the student loan system.
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A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers.
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Robert Cameron was a top lawyer for one of the country's largest student loan servicers. In documents obtained by NPR, Warren called his hiring a "slap in the face to student loan borrowers."
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The Consumer Financial Protection Bureau was established in 2010 to serve as a watchdog over the financial industry.The Trump administration changed…
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The Consumer Financial Protection Bureau was established in 2010 to serve as a watchdog over the financial industry.The Trump administration changed…
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Several top Democrats sent a stern letter to the Consumer Financial Protection Bureau asking for evidence that it's policing the federal student loan industry.
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The rule would have protected borrowers from ballooning loans with giant interest rates. Now, the Consumer Financial Protection Bureau proposes ripping the rule's teeth out.
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The nation's student loan watchdog has resigned from the Consumer Financial Protection Bureau, arguing that its current leadership has undermined efforts to protect student borrowers.