Advocacy

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 memorandum, Sabita Soneji and Leora Friedman of Tycko & Zavareei, LLP outline the legal tools available to hold bad actors accountable for an ongoing scheme to drive students toward predatory private credit. 

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.

47 former students sued Make School, Inc. an operator of a for-profit coding academy, and Vemo Education, Inc. the Income Share Agreement company, for jointly creating and offering a predatory, high-cost ISA to attend the academy.

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,...

This memo explores how state law may render many ISA companies’ contracts unenforceable, and how the continued servicing of voided debts may amount to a violation of state and federal law.

This issue brief, from the SPBC and the Consumer Financial Transactions Clinic at the University of North Carolina, School of Law, examines how the Department of Education can more fully implement rules already on the books to crack down on abuses in the market for school-sponsored prepaid cards and debit...

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...