Mike Pierce
@millennialdebt.bsky.social
I ~post~ about debt.
Now: Student Borrower Protection Center @thesbpc.bsky.social
Then: CFPB, Congress
Forever: Charm City
Now: Student Borrower Protection Center @thesbpc.bsky.social
Then: CFPB, Congress
Forever: Charm City
Reposted by Mike Pierce
🎙️ON AIR:
We're talking to @evanbwhite.bsky.social, @millennialdebt.bsky.social and @jmargetta.bsky.social about why California’s student loan delinquency rate is soaring.
❓Do you have student loans? What has your repayment experience been like?
📻 Listen:
We're talking to @evanbwhite.bsky.social, @millennialdebt.bsky.social and @jmargetta.bsky.social about why California’s student loan delinquency rate is soaring.
❓Do you have student loans? What has your repayment experience been like?
📻 Listen:
Is The Student Loan Safety Net Unraveling? | KQED
We talk about why California’s student loan delinquency rate is soaring, and how a broken repayment system is pushing borrowers deeper into financial distress.
buff.ly
November 4, 2025 at 5:00 PM
🎙️ON AIR:
We're talking to @evanbwhite.bsky.social, @millennialdebt.bsky.social and @jmargetta.bsky.social about why California’s student loan delinquency rate is soaring.
❓Do you have student loans? What has your repayment experience been like?
📻 Listen:
We're talking to @evanbwhite.bsky.social, @millennialdebt.bsky.social and @jmargetta.bsky.social about why California’s student loan delinquency rate is soaring.
❓Do you have student loans? What has your repayment experience been like?
📻 Listen:
Reposted by Mike Pierce
Tomorrow on @kqedforum.bsky.social: CPL's @evanbwhite.bsky.social will join with @millennialdebt.bsky.social and @jmargetta.bsky.social to discuss the latest on student loans - including a sharp increase in delinquencies: www.kqed.org/forum/201010...
Is The Student Loan Safety Net Unraveling? | KQED
We talk about why California’s student loan delinquency rate is soaring, and how a broken repayment system is pushing borrowers deeper into financial distress.
www.kqed.org
November 4, 2025 at 1:19 AM
Tomorrow on @kqedforum.bsky.social: CPL's @evanbwhite.bsky.social will join with @millennialdebt.bsky.social and @jmargetta.bsky.social to discuss the latest on student loans - including a sharp increase in delinquencies: www.kqed.org/forum/201010...
Reposted by Mike Pierce
The DOGE vibe coders can’t even scale a clock to a screen www.whitehouse.gov/government-s...
September 30, 2025 at 10:36 PM
The DOGE vibe coders can’t even scale a clock to a screen www.whitehouse.gov/government-s...
Reposted by Mike Pierce
The DC Cir majority lifts the ban on firing CFPB staff bc there was “no…statement, written or oral, purporting to shut down the CFPB” & noting the gov’t “does not claim the power to ‘shut down’ the CFPB.”
But then AG Bondi tweets out: actually, that’s been the plan all along!
x.com/agpambondi/s...
But then AG Bondi tweets out: actually, that’s been the plan all along!
x.com/agpambondi/s...
August 15, 2025 at 7:06 PM
The DC Cir majority lifts the ban on firing CFPB staff bc there was “no…statement, written or oral, purporting to shut down the CFPB” & noting the gov’t “does not claim the power to ‘shut down’ the CFPB.”
But then AG Bondi tweets out: actually, that’s been the plan all along!
x.com/agpambondi/s...
But then AG Bondi tweets out: actually, that’s been the plan all along!
x.com/agpambondi/s...
Reposted by Mike Pierce
Chief of Staff of CFPB Consumer Response: based on 10 yrs experience & “the sheer volume of complaints (estimated at 5 million in 2025), it remains my opinion that the Office will be incapable of performing its statutory duties…if the RIFs were to proceed.”
storage.courtlistener.com/recap/gov.us...
storage.courtlistener.com/recap/gov.us...
April 26, 2025 at 10:19 AM
Chief of Staff of CFPB Consumer Response: based on 10 yrs experience & “the sheer volume of complaints (estimated at 5 million in 2025), it remains my opinion that the Office will be incapable of performing its statutory duties…if the RIFs were to proceed.”
storage.courtlistener.com/recap/gov.us...
storage.courtlistener.com/recap/gov.us...
Reposted by Mike Pierce
“Without any staff, the Privacy Office cannot perform the agency’s statutorily required duties regarding privacy. I am not aware of any other individuals at CFPB [w/] the necessary individual expertise to undertake these specific duties” storage.courtlistener.com/recap/gov.us...
April 26, 2025 at 10:10 AM
“Without any staff, the Privacy Office cannot perform the agency’s statutorily required duties regarding privacy. I am not aware of any other individuals at CFPB [w/] the necessary individual expertise to undertake these specific duties” storage.courtlistener.com/recap/gov.us...
Reposted by Mike Pierce
The head of CFPB Research says all but 3 of its 57 staff were fired.
A critical data point for the entire U.S. mortgage market (average prime offer rate APOR) is among their MANY tasks Congress requires they perform—and could not perform with only 3 staff storage.courtlistener.com/recap/gov.us...
A critical data point for the entire U.S. mortgage market (average prime offer rate APOR) is among their MANY tasks Congress requires they perform—and could not perform with only 3 staff storage.courtlistener.com/recap/gov.us...
April 26, 2025 at 9:56 AM
The head of CFPB Research says all but 3 of its 57 staff were fired.
A critical data point for the entire U.S. mortgage market (average prime offer rate APOR) is among their MANY tasks Congress requires they perform—and could not perform with only 3 staff storage.courtlistener.com/recap/gov.us...
A critical data point for the entire U.S. mortgage market (average prime offer rate APOR) is among their MANY tasks Congress requires they perform—and could not perform with only 3 staff storage.courtlistener.com/recap/gov.us...
Reposted by Mike Pierce
A staffer describes how the CFPB consumer complaint system has been pushed to the brink, and is in danger of breaking. One of the many people keeping it from breaking was RIFed. storage.courtlistener.com/recap/gov.us...
April 26, 2025 at 9:47 AM
A staffer describes how the CFPB consumer complaint system has been pushed to the brink, and is in danger of breaking. One of the many people keeping it from breaking was RIFed. storage.courtlistener.com/recap/gov.us...
Reposted by Mike Pierce
Four Doe declarants describe how “if the April 17 RIF and administrative
leave had not been paused, it is highly likely that CFPB data would have been irretrievably lost.”
storage.courtlistener.com/recap/gov.us...
leave had not been paused, it is highly likely that CFPB data would have been irretrievably lost.”
storage.courtlistener.com/recap/gov.us...
April 26, 2025 at 9:42 AM
Four Doe declarants describe how “if the April 17 RIF and administrative
leave had not been paused, it is highly likely that CFPB data would have been irretrievably lost.”
storage.courtlistener.com/recap/gov.us...
leave had not been paused, it is highly likely that CFPB data would have been irretrievably lost.”
storage.courtlistener.com/recap/gov.us...
Reposted by Mike Pierce
New filing in NTEU v Vought has *19* declarations from both names and pseudonymous CFPB staff, detailing how Trump admin is still trying to delete the CFPB:
www.courtlistener.com/docket/69624...
www.courtlistener.com/docket/69624...
April 26, 2025 at 9:40 AM
New filing in NTEU v Vought has *19* declarations from both names and pseudonymous CFPB staff, detailing how Trump admin is still trying to delete the CFPB:
www.courtlistener.com/docket/69624...
www.courtlistener.com/docket/69624...
Reposted by Mike Pierce
I'm at the US Courthouse media room. I'll try to live blog for @lawfaremedia.org the hearing in the case over the dismantling of CFPB before Judge Amy Berman Jackson. Unions claim Trump Adm has ordered reductions in force that violate her injunction even as narrowed by the DC Circuit.
/1
/1
April 18, 2025 at 3:00 PM
I'm at the US Courthouse media room. I'll try to live blog for @lawfaremedia.org the hearing in the case over the dismantling of CFPB before Judge Amy Berman Jackson. Unions claim Trump Adm has ordered reductions in force that violate her injunction even as narrowed by the DC Circuit.
/1
/1
Reposted by Mike Pierce
Lesley Stahl reports on President Trump’s efforts to halt the work and cut the funding of the Consumer Financial Protection Bureau, an enforcement agency that was created in response to the 2008 financial crisis. 60 Minutes, Sunday.
February 22, 2025 at 5:26 PM
Lesley Stahl reports on President Trump’s efforts to halt the work and cut the funding of the Consumer Financial Protection Bureau, an enforcement agency that was created in response to the 2008 financial crisis. 60 Minutes, Sunday.
Reposted by Mike Pierce
Apparently Trump is content to let Elon Musk run the country while he takes care of some shows.
Trump says he’s fired the chairman of the Kennedy Center and named himself chairman.
February 8, 2025 at 1:48 AM
Apparently Trump is content to let Elon Musk run the country while he takes care of some shows.
Reposted by Mike Pierce
Student loan borrowers: I’m holding a webinar on Jan 10 with experts Mike Pierce (@millennialdebt.bsky.social) and Oregon Student Loan Ombuds Lane Thompson to help borrowers understand their repayment options and rights under federal law.
RSVP
Bonamici Hosts Student Loan Know Your Rights Webinar with Experts
bonamici.house.gov
January 2, 2025 at 10:42 PM
Student loan borrowers: I’m holding a webinar on Jan 10 with experts Mike Pierce (@millennialdebt.bsky.social) and Oregon Student Loan Ombuds Lane Thompson to help borrowers understand their repayment options and rights under federal law.
Reposted by Mike Pierce
2024 was also the year of The MOHELA Papers!
⤷@theSBPC & @AFTunion dropped themohelapapers.org exposing MOHELA’s scheme to deny service to 8M borrowers
⤷Senate hearing, investigation, & lawmaker push for @MOHELA's termination
⤷@AFTunion lawsuit against MOHELA
⤷@theSBPC & @AFTunion dropped themohelapapers.org exposing MOHELA’s scheme to deny service to 8M borrowers
⤷Senate hearing, investigation, & lawmaker push for @MOHELA's termination
⤷@AFTunion lawsuit against MOHELA
December 23, 2024 at 8:34 PM
2024 was also the year of The MOHELA Papers!
⤷@theSBPC & @AFTunion dropped themohelapapers.org exposing MOHELA’s scheme to deny service to 8M borrowers
⤷Senate hearing, investigation, & lawmaker push for @MOHELA's termination
⤷@AFTunion lawsuit against MOHELA
⤷@theSBPC & @AFTunion dropped themohelapapers.org exposing MOHELA’s scheme to deny service to 8M borrowers
⤷Senate hearing, investigation, & lawmaker push for @MOHELA's termination
⤷@AFTunion lawsuit against MOHELA
Reposted by Mike Pierce
This year, the @CFPB permanently banned student loan giant Navient from the federal student loan market and returned $100 million to harmed borrowers.
The lesson? Borrower voices combined with public enforcement can be harnessed to drive systemic change!
The lesson? Borrower voices combined with public enforcement can be harnessed to drive systemic change!
December 23, 2024 at 8:34 PM
This year, the @CFPB permanently banned student loan giant Navient from the federal student loan market and returned $100 million to harmed borrowers.
The lesson? Borrower voices combined with public enforcement can be harnessed to drive systemic change!
The lesson? Borrower voices combined with public enforcement can be harnessed to drive systemic change!
Reposted by Mike Pierce
2024 was tough for student loan borrowers.
Return to repayment was a disaster & millions still face crushing debt.
But we also proved hard fights can bring real change. We fought back—and WON key victories to protect people & challenge power.
⇢https://protectborrowers.org/2024-sbpc-highlights/
Return to repayment was a disaster & millions still face crushing debt.
But we also proved hard fights can bring real change. We fought back—and WON key victories to protect people & challenge power.
⇢https://protectborrowers.org/2024-sbpc-highlights/
December 23, 2024 at 8:34 PM
2024 was tough for student loan borrowers.
Return to repayment was a disaster & millions still face crushing debt.
But we also proved hard fights can bring real change. We fought back—and WON key victories to protect people & challenge power.
⇢https://protectborrowers.org/2024-sbpc-highlights/
Return to repayment was a disaster & millions still face crushing debt.
But we also proved hard fights can bring real change. We fought back—and WON key victories to protect people & challenge power.
⇢https://protectborrowers.org/2024-sbpc-highlights/
Wtf @aefpweb.bsky.social sending out proposal notifications at 9pm on Sat?
I got a policy talk on student loan debt in with @bakerdphd.bsky.social, @robertkelchen.com, @millennialdebt.bsky.social, and another from CFPB.
Then my mixed methods SEM work on loan balance and well being.
Thanks peeps.
I got a policy talk on student loan debt in with @bakerdphd.bsky.social, @robertkelchen.com, @millennialdebt.bsky.social, and another from CFPB.
Then my mixed methods SEM work on loan balance and well being.
Thanks peeps.
December 15, 2024 at 2:05 AM
Reposted by Mike Pierce
🗳️NEW POLL🗳️
The high cost of college & student debt motivated an astounding ⅓ of voters across party lines to vote in the 2024 election. ⅔ of Republicans trust Trump to make student debt more affordable.
Full @thesbpc.bsky.social/PBA/Seven Letter poll: protectborrowers.org/release-nove...
The high cost of college & student debt motivated an astounding ⅓ of voters across party lines to vote in the 2024 election. ⅔ of Republicans trust Trump to make student debt more affordable.
Full @thesbpc.bsky.social/PBA/Seven Letter poll: protectborrowers.org/release-nove...
November 21, 2024 at 9:09 PM
🗳️NEW POLL🗳️
The high cost of college & student debt motivated an astounding ⅓ of voters across party lines to vote in the 2024 election. ⅔ of Republicans trust Trump to make student debt more affordable.
Full @thesbpc.bsky.social/PBA/Seven Letter poll: protectborrowers.org/release-nove...
The high cost of college & student debt motivated an astounding ⅓ of voters across party lines to vote in the 2024 election. ⅔ of Republicans trust Trump to make student debt more affordable.
Full @thesbpc.bsky.social/PBA/Seven Letter poll: protectborrowers.org/release-nove...
Reposted by Mike Pierce
On this week’s Amicus, @dahlialithwick.bsky.social and I walked through the new Clarence Thomas scandal—and how it makes the right’s pay-to-play scheme for SCOTUS access look pretty undeniable. Excerpt here: slate.com/news-and-pol...
Clarence Thomas’ Latest Pay-to-Play Scandal Finally Connects All the Dots
There has never been a straighter line between Thomas' unethical conduct and his jurisprudence.
slate.com
September 23, 2023 at 8:12 PM
On this week’s Amicus, @dahlialithwick.bsky.social and I walked through the new Clarence Thomas scandal—and how it makes the right’s pay-to-play scheme for SCOTUS access look pretty undeniable. Excerpt here: slate.com/news-and-pol...
Reposted by Mike Pierce
i’m begging elon musk to purchase the company that has my private student loans, put them out of business due to stupidity please
July 1, 2023 at 6:47 PM
i’m begging elon musk to purchase the company that has my private student loans, put them out of business due to stupidity please
Reposted by Mike Pierce
welcome to all new bluesky users. please keep in mind that it is still in beta. there are many features still missing, so please be patient. for example, you may notice that this app loads posts and then shows them to you, instead of not doing that for some reason.
July 2, 2023 at 2:44 AM
welcome to all new bluesky users. please keep in mind that it is still in beta. there are many features still missing, so please be patient. for example, you may notice that this app loads posts and then shows them to you, instead of not doing that for some reason.
It’s so quiet on here. You guys used to be fun.
July 2, 2023 at 3:57 AM
It’s so quiet on here. You guys used to be fun.
Reposted by Mike Pierce
Rip sweet time suck
July 2, 2023 at 1:16 AM
Rip sweet time suck