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    Student Loan Watchdog Quits, Says Trump Administration 'Turned Its Back' On Borrowers

    The nation's student loan watchdog has resigned from the Consumer Financial Protection Bureau, arguing that its current leadership has undermined efforts to protect student borrowers.
    by Cory Turner Aug 27, 2018 3 minutes
    President Obama visits the Consumer Financial Protection Bureau in 2014.

    Updated at 1:12 p.m. ET

    The federal official in charge of protecting student borrowers from predatory lending practices has stepped down.

    In a scathing resignation letter, Seth Frotman, who until now was the student loan ombudsman at the Consumer Financial Protection Bureau, says current leadership "has turned its back on young people and their financial futures." The letter was addressed to Mick Mulvaney, the bureau's acting director.

    , Frotman accuses Mulvaney and the Trump administration of undermining the CFPB

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