CFPB Student-Loan Official Quits, Citing Boss’s Enforcement Policy - News Summed Up

CFPB Student-Loan Official Quits, Citing Boss’s Enforcement Policy


WASHINGTON—A top student-loan official at the Consumer Financial Protection Bureau resigned Monday and released a letter saying Trump administration officials running the bureau were undermining staff work on enforcement cases. “The bureau’s new political leadership has repeatedly undercut and undermined career CFPB staff working to secure relief for consumers,” Seth Frotman, the bureau’s student-loan ombudsman, said in the letter dated Monday, referring to enforcement matters. “Their actions will affect millions of student...


Source: Wall Street Journal August 27, 2018 19:30 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */