Former BCFP Student Loan Ombudsman Launches Nonprofit to Alleviate Student Loan Debt Burden
Following his resignation from the Bureau of Consumer Financial Protection in September 2018 under Acting Director Mick Mulvaney’s leadership, Seth Frotman is continuing his focus on helping student loan borrowers.
12/3/2018 2:00 PM
Seth Frotman served with the Bureau of Consumer Financial Protection for seven years, including three as student loan ombudsman, and now has branched out on his own to start the nonprofit Student Borrower Protection Center, Forbes reports.
In September, Frotman cited concerns with the bureau’s leadership and changes to its student loan office this year as reasons for his resignation, ACA International previously reported.
“SBTC’s goal is to lead a nationwide effort to protect student loan borrowers and end the student debt crisis through aggressive advocacy and ‘innovative litigation strategy,’” Forbes reports. Frotman is the organization’s executive director.
The New York Times reports Frotman is joined by other former bureau employees at the SBTC.
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