Senators Demand Answers From CFPB Head After Student Loan Watchdog's Resignation
In a stern letter to the acting director of the Consumer Financial Protection Bureau, Mick Mulvaney, Senate Democrats demanded evidence that he is safeguarding student borrowers.
Seeking to "evaluate the independence and effectiveness" of the federal Consumer Financial Protection Bureau's student loan office, 15 Senate Democrats sent a terse letter Thursday evening to Mick Mulvaney, the CFPB's acting director. The letter was first obtained by NPR.
The letter arrived on Mulvaney's desk less than three weeks after the CFPB's student loan watchdog, Seth Frotman, stepped down, writing in a to Mulvaney that, under the acting director's leadership,
