1. Short title This Act may be cited as the Students and Young Consumers Empowerment Act . 2. Assistant Director and Student Loan Borrower Advocate (a) In general Section 1035 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5535 ) is amended to read as follows: 1035. Assistant Director and Student Loan Borrower Advocate (a) Establishment There is established the position of Assistant Director and Student Loan Borrower Advocate, who shall be appointed by the Director. (b) Duties The Assistant Director and Student Loan Borrower Advocate shall— (1) serve as the head of the Office for Students and Young Consumers established under subsection (e); (2) not later than the end of the 60-day period beginning on the date of enactment of this section, enter into a memorandum of understanding with the Secretary of Education, the Chief Operating Officer appointed under section 141(d) of the Higher Education Act of 1965 ( 20 U.S.C. 1018(d) ), and the Student Loan Ombudsman appointed under section 141(f) of the Higher Education Act of 1965 ( 20 U.S.C. 1018(f) ) that— (A) ensures coordination in providing assistance to and serving borrowers seeking to resolve complaints related to their private education or Federal student loans; and (B) authorizes the Bureau to access all relevant Department of Education information systems, records, and data, including any relevant information systems, records, or data maintained by contractors of the Department of Education; (3) accept and attempt to resolve complaints from borrowers with both private education loans and Federal student loans, including complaints against lenders, servicers, and debt collectors; and (4) carry out such other duties as the Director may determine appropriate. (c) Notification to Congress The Director shall provide written notice and an explanation to the appropriate congressional committees, if— (1) the position of the Assistant Director and Student Loan Borrower Advocate has been vacant for a period of 60 days or more