Media Press Releases Page 12

Press Releases

Federal Enforcement Officials Issue Sharp New Warning to Industry: “Workers Face Risks from Employer-Driven Debt”

Advocates applaud first-of-its-kind CFPB report, warning of risky and unlawful Training Repayment Agreement Provisions (TRAPs).

On the Heels of Unconscionable SCOTUS Ruling Blocking Millions from Student Debt Relief, 175+ Organizations Call on Biden to Enact New Debt Cancellation Plan Immediately

Advocates warn that failure to act swiftly will cause inordinate harm to millions of borrowers and their families.

Biden Administration to Automatically Cancel Student Debt for 804,000 Borrowers Via Long Awaited Income-Driven Repayment Account Adjustment

After years of exposing IDR failures and calling for remedies, SBPC applauds delivery of mass relief while pushing for similar relief for defaulted borrowers left behind.

States and Consumer Financial Protection Bureau Take Major Action to Hold the Predatory Bootcamp Prehired Accountable for Illegal Student Lending and Debt Collection Practices

Action by eleven states and the CFPB follows groundbreaking SBPC investigation and seeks relief for defrauded students.

In the Face of Supreme Court Loss, President Biden’s “Plan B” Pledges to Deliver Student Debt Relief Through Rulemaking

Advocates urge swift action: “President Biden Needs to Keep his Promise Now."

Supreme Court Sides with Right-Wing Special Interests, Blocking President Biden’s Student Debt Relief Plan

Advocates condemn ruling as “lawless and shamefully political,” and look to President Biden to deliver debt relief in response to decision and call for urgent Court reform.

New Report Reveals Cancellation is Only Viable Path Forward for Incarcerated Student Loan Borrowers

Along with this report, SBPC launched its first lawsuit against the Education Department for illegally withholding critical data on its treatment of incarcerated borrowers for nearly two years.

“Are we the bad guys?” Never-Before-Seen Emails Reveal the Scramble that Ensued when Missouri Sued to Block Student Debt Relief

Records point to MOHELA’s confusion and disarray, and underscore Missouri’s lack of standing to rob debt relief from tens of millions of student loan borrowers.

Former PetSmart Groomer Caught in Predatory Training Repayment Agreement Provision (TRAP) Denied Access to Justice, Seeks Leave to Appeal District Court Decision Ending Ground-Breaking Class Action

By ordering dispute resolved through arbitration, federal judge says PetSmart can use coercive fine print to avoid accountability for TRAP.

Senate Betrays Hardworking Americans, Passes CRA Plan to Throw Student Loan Borrowers into Abrupt Repayment, Revokes Already Cancelled Debts for 260,000 Public Service Workers

Working people now look to President Biden to deliver on his promises to veto the Congressional Review Act resolution and deliver student debt relief.

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