As Americans are fed daily doses of Stormy Daniels, Russia, possible Trump money laundering, and pay for play by his administration, his peons are changing policies that will allow their corporate benefactors to rip off Americans further. This time student borrowers irrespective of age is on the block.
Earlier I pointed out in a blog post that Democrats must have five specific issues that should roll off of their tongues in a district-specific manner as they campaigned and every time they appear before any form of media. Visit the post “The five issues Democrats and Progressives must push to win 2018 midterms” and share with everyone running for office or supporting those who are running for office.
Students, another sacrificial lamb of the Trump administration
The New York Times illustrates why one of the issues in the list is so important, student loan relief. They report the following.
WASHINGTON — Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, will move the agency’s student loan division into the bureau’s consumer information unit, a shift that career officials fear will sidetrack a major enforcement case the agency is pursuing against Navient, the nation’s largest student loan collector. The change, outlined in an email sent to the bureau’s staff Wednesday morning, is part of an effort by Mr. Mulvaney to refocus the agency away from its consumer finance enforcement and rule-writing mission and more toward providing consumers with information about their legal rights.
It follows a similar move Mr. Mulvaney made in February, when he folded the bureau’s fair lending division into the consumer unit, telling staff it would “continue to focus on advocacy, coordination and education.” Among the bureau’s career staff, the shift was regarded as a new attack on one of the bureau’s core statutory functions, and another attempt by Mr. Mulvaney and his team to dismantle a consumer watchdog reviled by President Trump.
One person at the bureau familiar with the student loan office’s work said it clearly was being targeted. Mr. Mulvaney’s reorganization left untouched several other groups with similarly specific focuses, including offices that concentrate on protecting service members and older Americans. John Czwartacki, a spokesman for the agency, called the move a “very modest organizational chart change.”
This deliberate act means a complete loss of protection for student private loan recipients. California’s Attorney General Xavier Becerra tweet said it best.
At a time where Americans are saddled with $1.5 trillion in student loan debt, the last thing we should do is tear away critical support.
So why would the Trump administration attack students in this manner? New York Times DC Correspondent’s tweet hits the nail on the head.
The CFPB is announcing its reorganization plan in a 10 am meeting/email, per sources in and outside the bureau, with likely plans to fold student loan division — which has been aggressively investigating Navient for predatory practices — into consumer information unit.
This is an issue that affect the Americans of all ages but likely mostly millennials. This affects the personal economies of millions. Stormy Daniels does not. Do you want people to have something to vote for? Let them know you will solve the student debt abuse by corporations and you will provide debt relief.
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