Headline Roundup August 27, 2018
Top Student Loan Official Resigns, Blaming Trump Administration
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Bustle
There's one government agency, the Consumer Financial Protection Bureau (CFPB), which is essentially tasked with protecting the unsuspecting public from predatory actions on the part of financial companies. One department of the CFPB deals with student loans — and according to someone leaving that office, it's not in great shape. A student loan official quit his position, and he made sure to let the agency know why on his way out.
The top government official overseeing the $1.5 trillion student loan market quit Monday after slamming Team Trump’s hostility toward protecting the millions of students burdened by crushing debt.
The student loan ombudsman at the Consumer Financial Protection Bureau (CFPB) has resigned, saying the agency's leaders have chosen to serve powerful financial companies instead of consumers, NPR News reported on Monday.
