KGIII Sweet 16 Matchup
Richard Cordray (ED)
vs.
Lina Khan (FTC)
Who needs Congress or the Supreme Court?! Richard Cordray, former Chief Operating Officer of Federal Student Aid at the Department of Education, couldn’t take no for an answer. The Supreme Court called him out when he tried to “pass a law” affecting millions of Americans and costing an estimated $400 billion. But pay no mind to the nation’s highest Court or the fact that the last time we checked Mr. Cordray wasn’t a member of Congress. Seemingly unfettered by the Constitution or a Supreme Court loss, he cooked up more unlawful loan forgiveness schemes. Maybe student loan forgiveness is a good policy; maybe it’s not. But it is unequivocally the job of Congress, not Richard Cordray, to make that call. Meanwhile, parents of college-bound students were stymied by the botched rollout of FAFSA “simplification.”
Unlimited Power! It’s bad enough that the Federal Trade Commission (FTC) fabricated an ability Congress never gave it to seek disgorgement of a citizen’s assets merely by seeking an injunction against conduct it considers to be fraudulent. But under Chair Khan (or is that Shere Khan?), FTC expanded the scope of its authority in openly partisan ways even its longtime supporters found dubious.
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