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Today, the SBPC released a comprehensive analysis showing a growing cause for concern within the private student loan market. The report finds that the rapidly growing private student loan market is putting the most vulnerable borrowers at risk. Even before the current coronavirus-fueled crisis, these borrowers struggled to get help when they needed it. Now, private student loan borrowers continue to suffer from the burden of this debt while borrowers with federal loans…

Today, the SBPC released a new report examining the private student loan market. The report offers a snapshot of recent trends and borrower outcomes in the space, indicating a critical need for more rigorous borrower protection at the federal, state, and local level.

For three years, the Consumer Financial Protection Bureau (CFPB) has failed to execute its job of protecting hundreds of millions of American consumers. The repercussions of this failure are vast, and they are painfully visible in the ongoing crisis in the student loan market and its effects on the most vulnerable consumers.