Letters

In a letter to PHEAA, the SBPC warns the company that providing incorrect, misleading information to borrowers related to the recent overhaul of the Public Service Loan Forgiveness (PSLF) program violates federal and state consumer financial protections.

In a letter to the Consumer Financial Protection Bureau, the SBPC calls attention to troubling practices by large technology companies that are occurring in the higher education finance and postsecondary education space.

In a letter, the Student Borrower Protection Center offers comments on proposed interagency guidance for banking organizations on managing risks associated with third-party relationships.

In light of recent action by the CFPB to affirm that ISAs are a form of private student loan that must comply with all relevant state and federal consumer financial protections, the SBPC sent letters to a number of federal agencies highlighting the need for increased scrutiny of the ISA...

In a public comment to the U.S. Department of Education (ED), the SBPC, American Federation of Teachers, AFL-CIO, Americans for Financial Reform Education Fund, Center for Responsible Lending, and the National Consumer Law Center, representing students, student loan borrowers, teachers, and consumers, applaud ED’s affirmation that states are important partners...

The SBPC sent a letter to the Consumer Financial Protection Bureau to highlight new evidence of illegal conduct by Guaranty Agencies and to call on CFPB to protect borrowers.

In a public comment to the Virginia State Corporation Commission, the SBPC and 12 organizations representing consumers, students, student loan borrowers, and teachers draw attention to industry attempts to circumvent the legislative process, and call on the regulator to faithfully implement the Commonwealth's new consumer protections.

On July 1, the Student Borrower Protection Center submitted a comment letter to the U.S. Department of Education outlining the SBPC’s priorities to protect student loan borrowers and address the burden of student debt on families, communities, and the economy.

In a letter to President Biden, the SBPC and over 125 organizations representing millions of students, workers, people of color, veterans, people with disabilities, and people of faith, call on the Administration to extend the pause on student loan payments scheduled to resume for millions of borrowers on October 1,...

In a letter, the SBPC, Americans for Financial Reform Education Fund, the California Reinvestment Coalition, the Center for Responsible Lending, Consumer Reports, and the National Consumer Law Center urge the OCC to carefully scrutinize the “partnership” between Blue Ridge Bank, a federally chartered national bank, and MentorWorks, a student financing...