The appointment puts Cordray, a progressive ally and former director of the Consumer Financial Protection Bureau, at the center of a heated debate over whether the federal government should cancel some student debt. The Biden administration has faced pressure from several Democratic lawmakers to cancel $50,000 per student loan borrower.
Cordray remained at the helm until November of that year, stepping down several months before his term was set to end. His departure was widely thought to be in preparation for his 2018 Ohio gubernatorial run, which was ultimately unsuccessful.Republican Rep.
Shut it down... no one is gonna pay any of it back. They’re all waiting for “free”.
That's great
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Biden administration picks Richard Cordray to oversee federal student loansThe selection of Cordray, who previously was attorney general of Ohio and ran unsuccessfully to be governor, is a major victory for progressives who have been calling on the Biden administration to take more aggressive action on student loans and for-profit colleges. TheMortgageNote He has ruined lending and he will ruin this. Cancel the intrest and pay the principal
Source: politico - 🏆 381. / 59 Read more »
Omg so bad So the gov created money on a monitor and they can just delete the number.... with an executive order. Incredible people were made to pay tens of thousands of dollars. join here and submit your email then bank account and get amazon $200 gift
Source: USATODAY - 🏆 100. / 63 Read more »
Richard Cordray to oversee America’s $1.5 trillion student loan portfolioThe former head of the CFPB under Obama will become the chief operating officer of the Department’s Office of Federal Student Aid, which is responsible for students’ and borrowers’ experiences paying for college and repaying their debt. SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia SOSColombia thank you very much for your work
Source: MarketWatch - 🏆 3. / 97 Read more »
Petition calling on Biden to cancel student debt gets more than 1 million signaturesStudent loan borrowers are putting pressure on President Joe Biden to cancel their debt, with one petition garnering more than 1 million signatures. 1 million people with debt ask president to forgive their debt I would be smiling too if I were wanting to make people who did not go to college pay for my college... But I am not selfish and entitled. This Situation would have never occured if the Student loans weren't backed and guaranteed by the State. Go figure
Source: CNBC - 🏆 12. / 72 Read more »