Power of Story Send a Tweet        

Share on Google Plus Share on Twitter 1 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (1 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments
OpEdNews Op Eds

Mick Mulvaney the mosquito

By       Message Elizabeth Warren       (Page 1 of 2 pages)     Permalink

Related Topic(s): ; ; ; ; ; , Add Tags  Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H2 5/11/18

Author 53610
Become a Fan
  (24 fans)

From youtube.com: Betsy DeVos On IDEA Protections {MID-291934}
Betsy DeVos On IDEA Protections
(Image by YouTube, Channel: Laurie Probst)
  Permission   Details   DMCA
- Advertisement -

The Trump administration just declared war on students.

Mick Mulvaney, the guy that Donald Trump put in charge of the Consumer Financial Protection Bureau, announced yesterday that he's dismantling the only office in the entire federal government solely dedicated to protecting student borrowers from predatory student loan companies.

That means that if a bank or lender tries to scam someone trying to get an education, the official policy of the government is now: "Too bad, you're on your own." It's a kick in the ribs to the nearly 45 million Americans already getting crushed with student debt.

Make no mistake: Mick Mulvaney and Betsy DeVos are making it easier for students to get cheated. Cheated by student loan companies. Cheated by for-profit colleges. Cheated as student loan debt explodes and as student loan companies get rich.

- Advertisement -
From flickr.com: Mick Mulvaney {MID-291937}
Mick Mulvaney
(Image by Gage Skidmore)
  Permission   Details   DMCA

The CFPB's Office for Students and Young Consumers isn't some basement office that just shuffles papers around. No, this is a powerfully effective watchdog for students that holds giant companies accountable.

It's the office that helped bring down shady for-profit colleges like Corinthian Colleges and ITT Tech that broke the law for lying and cheating students.

- Advertisement -
It's the office that investigated giant banks and credit card companies like Citibank, Wells Fargo, and Discover for illegal student loan practices.

It's the office that returned over $750 million to student loan borrowers who were victims of predatory loans -- and the office that pored over 60,000 complaints from students across the country.

It's the office that has sounded the alarm about unique issues facing older Americans, public service workers, and military personnel and veterans with student loan debt.

And it's the office that investigated Navient, the nation's biggest student loan servicing company -- which is in the middle of a lawsuit with the CFPB -- for defrauding tens of thousands of borrowers.

That office? Poof. Gone.

We already know Betsy DeVos is in the pocket of student loan companies, and now it's clear Mick Mulvaney is, too. Don't forget: This is the same Mick Mulvaney who bragged to a room full of bankers a few weeks ago that his congressional office wouldn't take meetings with lobbyists unless they donated to his campaign first.

- Advertisement -
His corruption is blatant, and his priorities are clear: He only cares about coddling powerful, deep-pocketed special interests -- the very same institutions that the CFPB is supposed to protect people from.

And recently, the New York Times published an article about how Mick Mulvaney is thrilled to implement his far-right ideology at the CFPB by undermining it from the inside. Another one of Trump's henchmen said this about Mick Mulvaney:

"There are lots of targets of opportunity over there [at the CFPB] for Mick...He's like a mosquito in a nudist colony."

Next Page  1  |  2


- Advertisement -

View Ratings | Rate It


Elizabeth Warren was assistant to the president and a special adviser to the Treasury secretary on the Consumer Financial Protection Bureau. She single-handedly set us this bureau, putting in place the building blocks for an agency that will (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Elizabeth Warren: This is Democracy

Chris Christie at the Republican National Convention

We Don't Run This Country for Corporations

Without rules, financial markets don't work

Stop rigging system against small business

Wall Street isn't happy with us

Comments Image Post Article Comment

These discussions are not moderated. We rely on users to police themselves, and flag inappropriate comments and behavior. In accordance with our Guidelines and Policies, we reserve the right to remove any post at any time for any reason, and will restrict access of registered users who repeatedly violate our terms.

  • OpEdNews welcomes lively, CIVIL discourse. Personal attacks and/or hate speech are not tolerated and may result in banning.
  • Comments should relate to the content above. Irrelevant, off-topic comments are a distraction, and will be removed.
  • By submitting this comment, you agree to all OpEdNews rules, guidelines and policies.
Connect with Facebook     Connect with Twitter            Register with Facebook     Register with Twitter


You can enter 2000 characters. To remove limit, please click here.

Please login or register. Afterwards, your comment will be published.

Forgot your password? Click here and we will send an email to the address you used when you registered.
First Name
Last Name

I am at least 16 years of age
(make sure username & password are filled in. Note that username must be an email address.)

No comments  Post Comment

Want to post your own comment on this Article? Post Comment