September 17, 2020 Statement from Seth Frotman, SBPC Executive Director and former CFPB Student Loan Ombudsman, on Senate Resolution Calling for Administrative Action to Cancel Student Debt to Stimulate the Economy SBPC Executive Diretor Seth Frotman released the following statement on a senate resolution calling on the President to use existing authority under the Higher Education Act to provide broad-based debt cancellation to tens of millions of student loan borrowers. Learn More
August 31, 2020 California Borrower Advocates Call on Governor Newsom to Sign the Student Borrower Bill of Rights Into Law Following approval by the California State Assembly, the Student Borrower Bill of Rights is being sent to Governor Gavin Newsom. Learn More
August 21, 2020 PayPal’s Partnerships With Over 150 For-Profit Schools Drive Students to Take on High-Cost Education Debt, Advocates Warn An SBPC investigation found that PayPal Credit, a high-cost, digital credit product, is offered by over 150 for-profit schools as a means for students to finance tuition. Learn More
August 18, 2020 Advocacy Groups Call on California Lawmakers to Pass the Student Borrower Bill of Rights More than 70 supporters, 57 state and national civil rights, higher education, and consumer advocacy organizations sent a letter to California Senators, urging passage of the Student Borrower Bill of Rights (AB 376, Stone). Learn More
August 14, 2020 Civil Rights and Advocacy Groups Call on California Lawmakers to Pass the Student Borrower Bill of Rights 23 state and national civil rights and advocacy organizations sent letters to California Senate leadership, urging them to pass the Student Borrower Bill of Rights. Learn More
August 13, 2020 Amid Lawsuit, DeVos Contradicts Kraninger on Oversight of Federal Student Loan Servicers Education Secretary Betsy DeVos’ recent response to a Senate Appropriations Subcommittee reveals that, contrary to the CFPB’s claims to Congress and a federal court, the CFPB and Department of Education are not currently conducting joint examinations of large federal student loan servicers. Learn More
August 12, 2020 AFT and SBPC Uncover New Evidence of Mismanagement and Abuse in Scandal-Plagued Public Service Loan Forgiveness Program AFT and the SBPC released an investigative report exposing new instances of mismanagement and abuse in the scandal-plagued Public Service Loan Forgiveness program. Learn More
August 10, 2020 Statement from SBPC Executive Director on President Trump’s Action on Student Loan Payments and COVID-19 Student Borrower Protection Center Executive Director Seth Frotman released the following statement on President Trump's Memorandum on student loan borrowers and coronavirus relief. Learn More
August 3, 2020 The Student Loan Law Initiative Announces Six New Research Grant Awards to Leading Experts for Developing Solutions to the Student Debt Crisis The Student Loan Law Initiative, the nation’s first academic center focused solely on studying student debt and the law, is announcing six new research grant awards to support leading academics who will conduct research on the effects of student debt on consumers’ financial lives and their communities. Learn More
July 30, 2020 NAACP Legal Defense and Education Fund and Student Borrower Protection Center Send Letter to Financial Technology Firm over Equal Credit Opportunity Act and Fair Housing Act Violations The NAACP Legal Defense and Educational Fund, Inc. (LDF) and the SBPC sent a demand letter to financial technology firm Upstart explaining how the firm’s algorithm likely violates the Equal Credit Opportunity Act and the Fair Housing Act. Learn More