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Richard Cordray, Former Head of CFPB, Tapped to Oversee Federal Student Aid Program

HeadlineMay 05, 2021

Back in the U.S., President Biden has tapped Richard Cordray, the former director of the Consumer Financial Protection Bureau, to manage the federal student aid program within the Department of Education. The move was welcomed by progressives as student campaigners and many top Democrats continue to pressure Biden to use executive action to cancel at least $50,000 in student debt per borrower.

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