On Friday, August 16, the Consumer Financial Protection Bureau (CFPB) announced that it has appointed Robert Cameron as the private education loan ombudsman. Cameron comes to the CFPB with experience as both a Staff Judge Advocate with the Pennsylvania Army National Guard as well as the Pennsylvania Higher Education Assistance Agency. 

The CFPB's prior student loan ombudsman, Seth Frotman, resigned a year ago with a resignation letter accusing the Bureau—led by Former Acting Director Mick Mulvaney at the time—of failing to protect student loan borrowers. Following his resignation, Frotman launched the Student Borrower Protection Center

[article_ad]

Frotman's resignation letter spurred Congressional inquiries into the matter. When the CFPB's Director Kathleen Kraninger appeared before Congress in March of this year to provide the CFPB's semi-annual report merely three months after her appointment, she was met with multiple questions about why the ombudsman role remained vacant.


Advertisement