Mulvaney Blends CFPB Student Loan, Financial Education Offices: Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB), has informed employees that the CFPB office that works on investigating the student-loan industry will be moved into a larger unit that focuses on consumer information. Critics of the decision see the move as an attempt to weaken the bureau’s focus on protecting student borrowers from predatory lending practices.
DeVos Approves Three ESSA Plans: U.S. Secretary of Education Betsy DeVos has approved the Every Student Succeeds Act (ESSA) plans from Alabama, Colorado, and Kentucky, bringing the total number of states with approved plans up to 42. Colorado, which turned in its plan last May, has now waited longer than any other state for approval, while Kentucky’s plan has not been signed off on by Governor Matt Bevin (R).
Lawmakers Call for Stalling School Closures in Puerto Rico: Congressional Democrats are speakingout against Puerto Rican Gov. Ricardo Rosselló’s plan to close hundreds of schools on the island. In aletter sent Monday, the 30 lawmakers warned of the education harm of closing these schools in the wake of Hurricanes Irma and Maria, and noted their opposition to proposals to open charter schools and introduce school vouchers to the Puerto Rican educational system.