Nations that help wolves to eat their young don’t prosper. Allowing financial sales firms to drive consumer protection policy is our collective undoing.
As the school year begins this week across the United States, the top student loan watchdog has resigned in protest, accusing the Trump administration of siding with powerful predatory lenders over student loan borrowers. Seth Frotman worked as student loan ombudsman under the Consumer Financial Protection Bureau director, Mick Mulvaney. He wrote that under Mulvaney’s leadership, “the Bureau has abandoned the very consumers it is tasked by Congress with protecting.” Here is a direct video link.
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