By James Williams, Kristie Kully and Ori Lev (June 15, 2018, 1:21 PM EDT) -- The Office of Students and Young Consumers, or Office of Students, has been an important component of the Consumer Financial Protection Bureau since its creation in 2011. On May 9, 2018, the CFPB's acting director announced plans to fold the Office of Students into the Office of Financial Education.[1] The student loan ombudsman, a position created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, will also reportedly be part of the Office of Financial Education. While this move has been described as signaling a major shift in the CFPB's approach to the student loan market, it may have less of a monumental impact on the regulation of that market than expected....