© Randall Mikkelsen / Reuters
The federal student loan ombudsman for the US government has resigned, blaming the Trump administration for turning its back on "young people and their financial futures."
Seth Frotman, who became the student loan ombudsman for the Consumer Financial Protection Bureau (CFPB) in 2016, has announced his resignation, in a letter written to the bureau's Trump-appointed acting director, Mick Mulvaney, and
obtained by NPR.
"Unfortunately, under your leadership, the Bureau has abandoned the very consumers it is tasked by Congress with protecting," reads the letter, copies of which were sent to Education Secretary Betsy DeVos and Treasury Secretary Steven Mnuchin, along with a number of senators and representatives. "Instead, you have used the Bureau to serve the wishes of the most powerful financial companies in America."
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