Letters

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...

In a letter to Secretary of Education Miguel Cardona, the SBPC, Equal Justice Works, and 95 other advocacy organizations, call on ED to conduct an immediate 90 day review of the PSLF program and cancel the student loan debt of all public service workers who have completed ten or more...

In a letter sent to the Commissioner Alvarez, the Campaign for California Borrowers' Rights—a coalition of advocacy organizations committed to protecting student loan borrowers—calls on the newly created California Department of Financial Protection and Innovation to use its authorities to engage in diligent supervision, proactive enforcement, deliberate rulemaking, and smart...

In a letter sent to the U.S. Senate Banking Committee, 34 advocacy organizations, led by the SBPC and Americans for Financial Reform, called on the Committee to swiftly confirm FTC Commissioner Rohit Chopra as the next Director of the Consumer Financial Protection Bureau. Citing Chopra’s decade-plus of experience fighting for...