Today, Democratic members of the House of Representatives released the Aim Higher Act, a bill that would reauthorize the Higher Education Act, the federal law which authorizes a broad range of student aid programs and governs the federal role in higher education.
Demos, a public policy organization based in New York, has this response:
Today's ruling is a powerful affirmation: the CFPB stands as a fortress against financial predators, especially crucial for communities of color battered by decades of discriminatory banking practices.