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Mulvaney Demotes Student Loan Unit in Consumer Bureau Reshuffle

Mick Mulvaney, the White House budget director and acting director of the Consumer Financial Protection Bureau, speaks to reporters on Capitol Hill in Washington, May 8, 2018. Boxed out of budget negotiations, Mulvaney’s second job running the Consumer Financial Protection Bureau represents a second chance for him to leave his mark. (Tom Brenner/The New York Times)