Press Releases

Student Borrower Protection Center Executive Director and former CFPB student loan ombudsman Seth Frotman released the following statement on today’s announcement by the Bureau that student loan industry executive Robert G. Cameron will serve as the Bureau’s student loan ombudsman.

Student Borrower Protection Center Executive Director and former CFPB Student Loan Ombudsman Seth Frotman issued a statement on the congressional inquiry announced into the Trump Administration’s failure to protect student loan borrowers, including potential obstruction of justice by senior Trump Administration officials and abuses by the student loan servicing industry.

Tomorrow marks one hundred fifty days since Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger committed to quickly filling the nation’s top student loan watchdog position—a role that has been vacant for almost a year. As student debt nears $1.6 trillion and predatory practices plague the market, the Student Borrower...

Today, the Inspector General of the U.S. Department of Education released a sweeping audit of the federal government’s flailing effort to police the student loan industry. This new audit finds that the Education Department’s student loan arm, the Office of Federal Student Aid (FSA), failed to oversee all nine student...

Today, the Student Borrower Protection Center (SBPC) and New Yorkers for Responsible Lending (NYRL) released a new analysis demonstrating the scale of the student debt crisis in New York. This new analysis of government data shows that more than one-in-five New York consumers now owe student loan debt.

Today, the Student Borrower Protection Center (SBPC) and New Era Colorado released new analysis demonstrating the scale of the student debt crisis in Colorado. A new analysis of government data shows that more than 1-in-4 middle-aged Coloradans now owe student loan debt.

Today, the Student Borrower Protection Center (SBPC), Virginia Poverty Law Center (VPLC), Virginia21, and Progress Virginia released new analysis demonstrating the scale of the student debt crisis in Virginia. A new analysis of government data shows that 1-in-6 Virginians now owe student debt. For the first time, more than one...

The American Federation of Teachers and the Student Borrower Protection Center launched a joint investigation into allegations of rampant mismanagement and industry abuses undermining the federal Public Service Loan Forgiveness (PSLF) program.

Today, the Student Borrower Protection Center released a new report documenting widespread abuses across the student loan industry, as described by more than 13,000 student loan borrowers who submitted complaints to the federal Consumer Financial Protection Bureau (CFPB) last year.

Former CFPB Student Loan Watchdog Launches New Organization to Protect Student Borrowers. Student Borrower Protection Center to Lead Nationwide Effort to End the Student Debt Crisis, Empowering Policymakers and Advocates to Take Action; Announces First Series of Initiatives