Nation’s Top Student Loan Official Quits

“The top government official overseeing the $1.5 trillion student loan market resigned Monday, citing what he says is the White House’s open hostility toward protecting nation’s millions of student loan borrowers,” the AP reports.

“Seth Frotman is the latest high-level departure from the Consumer Financial Protection Bureau since Mick Mulvaney took over in late November. Under Mulvaney, the bureau has scaled back its enforcement work and has proposed revising or rescinding all of the rules and regulations it put into place under the Obama administration.”