CFPB Ombudsman Quits Over Student Loan Regulation

The Consumer Financial Protection Bureau’s (CFPB’s) Student Loan Ombudsman, Seth Frotman has had enough of the political maneuvers affecting the way he does his job overseeing student loan regulation. On August 27, 2018, Frotman resigned from the CFPB. His resignation letter shows how the organization has changed under the Trump administration.

Assembly Line Student Loan Debt Collections Called Into Question

Student loan debt collection lawsuits crowd local courtrooms across the country. But when mega-firms use assembly line tactics to push cases into court, mistakes happen. That can leave well-meaning borrowers at a loss to fight back against claims they don’t even owe. Now the Consumer Financial Protection Bureau has stepped in, but a settlement designed to protect consumers could fall apart in court.