Ongoing turmoil in the Consumer Financial Protection Bureau continued to make headlines this week, when the federal agent in charge of keeping student loan borrowers from predatory lending practices resigned citing concerns with the agency’s current administration.
Seth Frotman, student loan ombudsman at the Consumer Financial Protection Bureau, wrote in a resignation letter that the CFPB’s current administration under Mick Mulvaney, the bureau’s acting director, “has turned its back on young people and their financial futures.”
Frotman recently visited the S.J. Quinney College of Law in 2017 as one of the keynote speakers for the Lee E. Teitelbaum Utah Law Review Symposium. The subject was “Financing the Future: The Law and Politics of Student Debt in American Higher Education.”
University of Utah S.J. Quinney College of Law Professor Christopher L. Peterson, who formerly worked with Frotman at the CFPB, appeared in several national media outlets to comment on the organization’s current structure and possible challenges for consumers as the agency’s future remains uncertain in the wake of Frotman’s resignation.
Outlets covering the story —and Peterson’s comments — include:
Peterson also appeared on the CNN/HLN’s Carol Costello “Across America” show and on the network’s MICHAELA show with Michaela Pereira to discuss issues related to the CFPB.