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Mon May 3, 2021, 09:02 PM

Biden admin taps Rich Cordray, former CFPB chief, to oversee federal student loans

Source: Politico

The Biden administration has tapped Richard Cordray, the former director of the Consumer Financial Protection Bureau, to serve as the top official overseeing the federal government’s $1.6 trillion portfolio of student loans and array of financial aid programs.

The 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.

Cordray’s appointment to lead the Education Department’s Office of Federal Student Aid was announced on Monday by Secretary Miguel Cardona, who praised his “strong track record as a dedicated public servant who can tackle big challenges and get results.”

In an interview with POLITICO, Cordray said he was eager to take on a job focused on boosting access to higher education that is so “integral to people's success and chances in life.”


Read more: https://www.politico.com/news/2021/05/03/biden-picks-richard-cordray-student-loans-485231

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Reply Biden admin taps Rich Cordray, former CFPB chief, to oversee federal student loans (Original post)
brooklynite May 3 OP
blm May 3 #1
mobeau69 May 3 #2
markie May 3 #3
Indykatie May 3 #4
Magoo48 Tuesday #5
Magoo48 Tuesday #6
ampm Tuesday #7

Response to brooklynite (Original post)

Mon May 3, 2021, 09:05 PM

1. This is GREAT news.

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Response to brooklynite (Original post)

Mon May 3, 2021, 09:51 PM

2. Good pick!

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Response to brooklynite (Original post)

Mon May 3, 2021, 09:53 PM

3. Excellent!

Richard Cordray will manage it well...

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Response to brooklynite (Original post)

Mon May 3, 2021, 11:18 PM

4. Why is This Seen as a Major Win For "Progressives"? This is a BFD for Everyone Especially Dems.

The Biden Administration Seems to Do Something Awesome Every Day

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Response to brooklynite (Original post)

Tue May 4, 2021, 08:59 AM

5. Biden is working with focus and determination. Good job, Joe.

As for student debt: forgive all student debt now.

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Response to brooklynite (Original post)

Tue May 4, 2021, 09:00 AM

6. Biden is working with focus and determination. Good job, Joe.

As for student debt: forgive all student debt now.

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Response to brooklynite (Original post)

Tue May 4, 2021, 10:43 AM

7. This is great news

About time. We need someone who can clean this mess up. Great choice.

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