In a complaint to the Federal Trade Commission, the Student Borrower Protection Center and the National Consumer Law Center urged the Federal Trade Commission to investigate Vemo Education, Inc. for unfair and deceptive business practices in its marketing and promotion of income share agreements (ISAs) for students.
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The Student Borrower Protection Center, Americans for Financial Reform Education Fund, and the National Consumer Law Center sent a letter to the Alternative Reference Rates Committee, which is managing the transition away from LIBOR, raising key borrower protection concerns.
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Today, the Student Borrower Protection Center released new research developed as part of its Student Loan Justice Fellowship Program to help answer this question. The report, written by SBPC fellow Brian Shearer, builds a case for how states can oversee the nonbank companies at the center of the $1.6 trillion...
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individuals representing a class of millions of student loan borrowers sued Great Lakes and the three national credit reporting agencies for unlawfully reporting borrowers’ student loan payments in violation of the CARES Act.
Learn More Research shows how the effects of student debt ripple across borrowers’ lives. However, little is currently known about how student debt affects borrowers’ experiences with other consumer financial products. Using novel consumer reporting agency data, a new report by the SBPC and the Credit Builders Alliance takes a first step...
Learn More The Student Borrower Protection Center, Student Veterans of America, Veterans for Education Success, and over a dozen additional organizations representing military consumers sent letters to 21 financial industry leaders reminding them of their obligations under the Servicemembers Civil Relief Act.
Learn More On April 30, Elizabeth Barber, a home health aide who continues to care for patients with disabilities throughout the COVID19 pandemic, sued Education Secretary Betsy DeVos for unlawfully garnishing her wages in violation of the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act).
Learn More Our new report documents the rapid growth of the private student loan market and demonstrates why there is desperate need for accountability and reforms to protect the millions of borrowers whose lives are impacted by this market.
Learn More The Student Borrower Protection Center (SBPC) and the National Consumer Law Center (NCLC) sent a letter to Secretary of Education Betsy DeVos urging her to take swift action to mitigate borrower harm from poor implementation of the CARES Act. As part of the CARES Act, Congress passed several protections designed...
Learn More With consumers across the country struggling to manage their finances, the SBPC, the U.S. Public Interest Research Group (U.S. PIRG), and Consumer Action have released recommendations for how the Consumer Financial Protection Bureau (CFPB) can enhance its consumer complaint tool to protect borrowers during the coronavirus (COVID-19) pandemic.
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