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August 2018 - New Era Colorado

Former CFPB staffer Seth Frotman answers questions while sitting at a table

STATEMENT: Resignation of Top Student Loan Watchdog

August 28, 2018

WASHINGTON— Seth Frotman, the Student Loan Ombudsman at the Consumer FInancial Protection Bureau tasked with overseeing the student loan market, resigned this morning. In a scathing resignation letter to Acting Director Mick Mulvaney, Frotman states that the current administration has “has turned its back on young people and their financial futures,” and “abandoned the very consumers…
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