Former CFPB manager Richard Cordray tapped to lead national pupil help workplace
The previous director of buyer economical Safety Bureau is recognized for having a hardcore posture on student loan employers
Education Secretary Miguel Cardona on mon called Richard Cordray, the best movie director of the buyer financing policies Bureau, to mind government employees help company that manages the government’s $1.5 trillion education loan accounts.
Cordray led the bureau’s crackdown on buyers abuses struggling with debt lineup, education loan service and for-profit colleges, garnering the respect of supporters and getting the ire among those business. […]