Internal Mulvaney Memo Sets Off More Controversy

Another internal memo from Acting CFPB (or BCFP) Director Mick Mulvaney has leaked to… well, it seems, everyone… announced more changes coming to the Bureau. Here are the highlights he announced yesterday:

The Office of Students and Young Consumers will be “folded” into Office of Consumer Education and Engagement (also known as the Office of Financial Education)

Consumer advocates and Democrats are livid. A statement in American Banker says the office will “Essentially [be] working on pamphlets and web content about student loans.”

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