Senators Demand Answers From CFPB Head After Student Loan Watchdog's Resignation

The letter arrived on Mulvaney's desk less than three weeks after the CFPB's student loan watchdog, Seth Frotman, stepped down, writing in a fiery resignation letter to Mulvaney that, under the acting director's leadership, "the Bureau has abandoned the very consumers it is tasked by Congress with protecting. Instead, you have used the Bureau to serve the wishes of the most powerful financial companies in America."