Federal student loan ombudsman quits over Trump administration refusal to protect borrowers

The top federal official in charge of protecting student borrowers from predatory lenders, announced his resignation on Monday. In a letter to Acting Director of the Consumer Financial Protection Bureau (CFPB) Mick Mulvaney, Seth Frotman said the bureau’s current leadership is allowing student loan companies to “drive millions of Americans to financial ruin with impunity.” […]

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