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Advocates Public Comment to Department of Education on Federal Preemption and Joint Federal-State Oversight of Federal Student Loan Servicing and Collections

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...
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Advocates Call on the OCC to Carefully Scrutinize Bank Partnerships with Companies Providing Income Share Agreements

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...
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The Campaign for California Borrowers’ Rights Call on the CA Department of Financial Protection and Innovation to Create Strong Protections for Student Loan Borrowers

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...
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