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Seth Frotman, formerly of Consumer Financial Protection Bureau, hopes new organization can succeed where officials failed
A former federal student loan watchdog who loudly quit his job this year has announced a new initiative to help solve the $1.5tn student debt crisis.
Seth Frotman, the former student loan ombudsman at the Consumer Financial Protection Bureau, will lead the Student Borrower Protection Center, which also will employ several of Frotman’s former colleagues at the federal bureau. The center will try to tackle some of the protections the bureau handled under past administrations, but which have largely been ignored since Donald Trump took office.
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