Press Releases

Press Releases

May 21, 2026

Deputy Mayor Julie Su, Manhattan DA Alvin Bragg, Councilmember Harvey Epstein Headline Policy Summit on Affordability in NYC, Hosted by Century Foundation & Protect Borrowers

NEW DATA: Debt in NYC is squeezing working class families as the affordability crisis worsens.

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Press Releases

May 20, 2026

Senate Fails to Advance Congressional Review Act Resolution to Overturn Unlawful Rule Empowering Secretary McMahon to Punish States, Cities, Civil Society Opposing Trump Administration’s Right-Wing Agenda

The rule comes as the Trump Administration has used the power of the federal government to target and investigate cities, states and Civil Society organizations working to support our most vulnerable communities and push back against the Trump Administration’s culture war.

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Press Releases

May 13, 2026

Campaign for California Borrowers’ Rights Applauds Governor Newsom’s Appointment of Former CFPB Director Rohit Chopra to Lead New Statewide Consumer Agency

Former CFPB Director Chopra will be charged with protecting borrowers and consumers amidst growing affordability crisis.

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Press Releases

May 12, 2026

American Families Hit Record Levels of Financial Distress as Millions Fall Behind on Credit Cards, Auto Loans, and Student Loans

New data from FRBNY shows household consumer debts at all-time highs.

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Press Releases

May 6, 2026

NEW STUDY: 86 Million Americans Now Carry a Record $1.68 Trillion in Auto Debt Amid Tariff and Gas Price Crunch, Debt Up Nearly 40% Since 2018

The Century Foundation and Protect Borrowers released a report showing that 86 million Americans owe $1.68 trillion in auto loan debt, its highest level ever recorded.

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Press Releases

Apr 9, 2026

ICYMI: Little Hoover Commission Convenes Historic Hearing on California Institutional Debt Crisis Locking Students Out of a Higher Education

Bipartisan, independent citizens-legislative commissioners express grave concerns over lack of transparency, accountability, and consumer protections in underregulated institutional debt crisis.

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Press Releases

Mar 31, 2026

New Study Warns That 40% of Americans—Including Nearly Two-Thirds of Pell Grant Recipients—Cannot Qualify for a Traditional Private Student Loan

A study published by Protect Borrowers and The Century Foundation warns that more than 40% of U.S. college students—including nearly two thirds of Pell Grant recipients—would not qualify for a traditional private student loan.

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Press Releases

Mar 26, 2026

Little Hoover Commission Convenes Historic Hearing on Institutional Debt Crisis Across California

Experts testified before the Little Hoover Commission’s hearing entitled, “Student Debt to California Colleges and Universities.” The historic hearing marks the first time the Commission is investigating the growth of institutional debt and exploring potential policy solutions to better protect students across California.

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Press Releases

Mar 23, 2026

Hearing Advisory: Little Hoover Commission to Hold First Ever Hearing on Institutional Debt Crisis Across California, Experts to Testify

Advisory for Thursday, March 26, 2026 SACRAMENTO, CA — On Thursday at 9:30 AM PT, students, borrower advocates, and academic experts will provide testimony before the Little Hoover Commission’s hearing entitled, “Student Institutional Debt in California.” The historic hearing marks the first time the independent citizens-legislative commission is investigating the growth of institutional debt—debt owed […]

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Press Releases

Mar 19, 2026

ED Plan to Unlawfully Transfer Student Loan System, Starting with Default Collections, to Treasury is Irresponsible, Reckless, and Bad News for Borrowers

This move will cause even more confusion about a student loan system that has been fraught with unprecedented disruptions and instability.

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