Betsy DeVos Makes A Move On Student Loans

David Bergeron is a career official who is working with the U.S. Department of Education. He has appreciated the move when it would be possible for the government to save money on providing loans to the students. Besides, it needs to help the distressed student borrowers too.

 

Once this step was actually taken by the government, in 2010, his agency became the biggest lender of loans to the college students in the US. He has over a decade of experience in federal service. But he also realized at that time that the government will take maximum advantage of these student loans.

 

Now seven years later, there are nearly 1 million former students who are defaulting on their government-backed student loans each year. His former agency has now pulled the plug on this partnership with consumer bureau that has the task to protect them.

 

Now the Education Department led by Betsy DeVos has informed this Consumer Financial Protection Bureau that it will not be sharing any more critical information about these loans. It needs to be noted that this refers to $1.3 trillion of the total in case of federal student loans. This marks an end to a partnership that allowed the CFPB to sue the loan companies. It had also forced several others to change the practices being followed by them in this household debt market.

 

This move is being backed by Betsy DeVos. Many of the former high-ranking federal officials are fearful that this is a directive that is promising high leniency to those loan companies that are trying to collect on debts. In addition, it also indicates that it is an effort by the Trump administration for undermining the enforcement authority of the bureau.

 

David says that this system will be against the interest of the borrowers and rather toward the government’s interest. He says that the CFPB was a necessary check on this.

 

Earlier, the Republican members of the Congress had been trying to restrict its authority. They had even asked to fire its director, Richard Cordray. This is the latest move that is coming in from Education Secretary Betsy DeVos.

 

It was in 2010 that the Obama administration had created the CFPB after the financial crisis. The aim was to crack down on any shady student loan companies. This would have also supervised businesses that were operating earlier with little oversight.

 

Even though few Americans are aware of CFPB, they have filed already over 15,000 complaints with it about the federal student loans since 2013. In this way, the consumer bureau has curbed loan practices which it feels are hurting the borrowers. This would also include actions that can be carried out on behalf of the government.

 

Visit http://www.betsydevos.com/ to learn more about Betsy DeVos.

The Goals And Accomplishments Of End Citizens United

End Citizens United plans on making a difference in campaign finance reform. Their ultimate goal is to have a constitutional amendment passed reversing one of the decisions made by the Supreme Court. The 2010 decision released numerous super PAC’s and caused questionable money to become infused in politics. Their petition has 325,000 signatures and is expected to continue rising. End Citizens United is using television advertisements, polling and direct mailers in their campaign. In order to overturn the Supreme Courts decision they require two-thirds of the vote from the senate and the House and three-fourths of the states must ratify them. The last time a Constitution amendment was passed in the United States was 1992.

 

End Citizens United has chosen to deny their support to Republicans because they believe their spending is no longer under control and they are trying to prevent the Supreme Court’s decision from being over-turned. They are supporting candidates who believe in campaign finance reform. Their have received 136,000 donations and currently have five members of staff.

 

End Citizens United has raised $4 million in three months and expect to raise an additional $35 million. Approximately 100,000 individuals have made contributions in the year’s first quarter. Their average contribution is $12 and are fighting back against the system. The Democrats are furious regarding President Donald Trump’s pick for the Supreme Court. End Citizens United has received $500,000 from their contributors for the campaign of Congressional Democrat Jon Ossoff. Mr. Ossoff has already raised over $4 million for the seat in the Republican House in Atlanta, Georgia. The seat was left vacant by Tom Price. End Citizens United is expected to defend Montana’s Jon Tester and Ohio’s Democrat Sherrod Brown.

 

The name End Citizens United is derived from the decision of the Supreme Court in 2010 that allowed both corporate and union donations in candidate elections. This also enabled unlimited spending by the PAC’s. They operate as a traditional PAC and are unable to accept a donation exceeding $5,000 from any individual who chooses to make a donation. They are in one of the top positions of Democratic aligned groups due to their fundraising effort. The Huffington Post proclaimed the fundraising efforts of End Citizens United as aggressive and caused concerns regarding the collection of political cash and grassroots activism.

 

As the spokesman for End Citizens United Adam Bozzi stated they are building ties to the finance groups for the campaigns. Part of this was a collaboration by an excess of two dozen separate groups who were urging the Republican Senators who had been given campaign donations by Betsy Devos and her family to recuse themselves. End Citizens United did not believe they should vote on her nomination to be the Educational Secretary for President Donald Trump.

George Soros And The Open Society Foundation Attacked By Russians And GOP

George Soros has run the Open Society Foundation for some time, and he has been reported by Politico for his work. Someone who is following the career of George Soros will find that he has done quite a lot of work for disadvantaged people, and he is being targeted by Russia and the GOP. Someone who is agains this ideals is anti-progress, and George is hoping to ensure that many people will be protected from tyranny.

#1: The Open Society Foundation

The Open Society Foundation is one of the largest and most-influential charities in the world, and George has run it for many years using his business savvy. He wishes to help people with his resources, and he wants to have as many offices of the Open Society Foundation running around the world. He believes that helping people is paramount in the civilized world, and his charity is pushing for progressivism and tolerance in many harsh nations around the globe. Visit Project Syndicate to learn more about George.

#2: Who Is George Soros?

George Soros is one of the richest men in the world, and he is responsible for quite a lot of giving and charitable work that focuses on progressive values. He has given his own money to many pursuits, and he believes that his charities and giving are allowing for people to be treated better. He gave quite a lot of money to Hillary Clinton’s campaign, and he is ensuring that money will be given to other progressive causes in the future. He knows that doing this will help further a more tolerant government.

#3: How Does He Track The Economy?

George tracks the economy as part of his work as an investor. He has given many talks around the world that pertain to the state of the economy, and he is watching economic factors that will impact people such as migrants and refugees. He has spoken out about the refugee crisis in Europe, and he has warned investors who wish to save their money about potential market fallout.

#4: Attacks By Russia And The GOP

Russia and the GOP are quite harsh on the Open Society Foundation, and they are fighting against his liberal principles because they do not want to see progress. George is fighting for progress every day while remembering the Holocaust, and he has a perspective that other people do not have on the matter. He wishes to see the world become more tolerant, and he is pushing back against Russia and the GOP to ensure he may help others. Know more on cnbc.com about George Soros.

Everyone who is following the career of George Soros will find that they may make a number of changes to the world by supporting progressive policies. They may volunteer with the Open Society Foundation while helping in Russia.