Politico reports that CFPB sharply cut student loan report; Bureau personally attacks author of original draft

Here. Excerpt:

The level of changes to this year’s report seem to go far beyond the agency’s standard editing process, said Mike Pierce, who served as the senior adviser to the student loan ombudsman at CFPB from 2011-2018.

“I can’t ever think of a set of circumstances or something quite like this [that] happened in my seven years at the Bureau, and the seven-plus years since,” said Pierce, who is now executive director of Protect Borrowers, a nonprofit group that advocates for debt relief. “This really does seem like political interference with a report that’s required under federal law.”

Leave a Reply

Your email address will not be published. Required fields are marked *