- Former CFPB head Richard Cordray will lead the Federal Student Aid office, which oversees student debt.
- Elizabeth Warren helped create the CFPB and was key in nominating Cordray when she couldnt helm the agency.
- Warren wants to cancel $50,000 in student debt per person and Cordray has shared her agenda for much of his political career.
- See more stories on Insiders business page.
Since she was elected to the Senate almost a decade ago, Elizabeth Warren has been fighting to cancel student debt and hold loan servicers accountable. Now one of her closest allies is in charge of the federal student debt pile, and that could be a big deal.
Richard Cordray, the former head of the Consumer Financial Protection Bureau (CFPB), was selected to…
Read the full article at: https://www.businessinsider.com/elizabeth-warren-richard-cordray-student-loan-debt-cancelation-fsa-cfpb-2021-5
