What a difference a year makes. Since appointees of President Donald Trump took control of the Consumer Financial Protection Bureau, it hasn’t taken “a single substantive action to stand up for student loan borrowers.”
Those are the opening lines of a new report, A Year Without Action, from the Student Borrower Protection Center, cataloguing what happened to student loan borrowers in the meantime.
The center was founded by Seth Frotman, the CFPB’s former assistant director and student loan ombudsman, who resigned from the agency very publicly in August, writing in a letter that the agency was “sacrificing the financial futures of millions of Americans.”