Press Releases

Press Releases

May 24, 2023

Right-Wing House Majority Votes to Inflict Crushing Economic Pain on Millions, Showcasing their Contempt for Workers and Families with Student Debt

Republican House members double down on attack against borrowers by voting to pass CRA resolution.

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Press Releases

May 23, 2023

Public Service Workers Decry Republican Plan to Push Millions of Teachers, Nurses, and First Responders Deeper into Debt as U.S. House Takes Up Congressional Review Act Resolution

SBPC joins AFT in releasing new analysis sounding the alarm for more than 260,000 public service workers as Congress takes historic vote to reinstate already-cancelled student loans and block student debt relief.

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Press Releases

May 10, 2023

First Major Healthcare Company Commits to Stop Using TRAPs to Keep Nurses From Leaving Jobs

All Workers Must Be Safe from Abusive TRAPs and Made Whole from Past Use May 10, 2023 | WASHINGTON, D.C. — HCA Healthcare, the largest for-profit healthcare system in the United States, announced last night on NBC Nightly News they will no longer rely on Training Repayment Agreement Provisions (TRAPs) to retain their nurses. As […]

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Press Releases

May 8, 2023

Unprecedented Coalition of 260+ Labor, Civil Rights, and Advocacy Organizations Call on Congress to Reject Partisan Scheme to Reverse Student Loan Payment Pause, Block Debt Relief for Student Loan Borrowers

Groups from all 50 states warn lawmakers that abuse of the Congressional Review Act will wreak economic havoc on tens of millions.

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Press Releases

Apr 19, 2023

House Majority Proposes a “Permanent Student Debt Crisis,” Driving Borrowers Far Deeper Into Debt and Stripping Relief from Tens of Millions of Workers and Families

Fake outrage over the debt limit spurred House leadership to release a cruel, unjust, and irresponsible vision for how Americans pay for college, blocking all future Administrations from cancelling debt or fixing broken programs.

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Press Releases

Apr 14, 2023

“Unconscionable” Debt-for-Training Scheme Funnels Low-Wage Tech Workers to Fortune 500 Companies; Groundbreaking Class-Action Lawsuit Seeks to Void Predatory Training Repayment Agreement Provisions

Tech Training Bootcamp Smoothstack Engineered Modern-Day Indentured Servitude, Using TRAPs to Let Public Companies Like Accenture, Verizon, and CapitalOne Exploit IT Workers April 14, 2023 | WASHINGTON, D.C. — Last night, a former employee filed a class-action lawsuit against a tech-training and employee-staffing agency, Smoothstack, Inc. (Smoothstack). This new lawsuit alleges that Smoothstack steals wages […]

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Press Releases

Apr 13, 2023

New Research Finds Majority-Black Neighborhoods in the Center of Atlanta’s Growing Student Debt Crisis

As millions await decisions on political lawsuits and efforts in Congress threatening the fate of debt relief, Student Borrower Protection Center launches “Student Debt in the South” research series.

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Press Releases

Apr 10, 2023

CALIFORNIA: Assemblymember Pacheco Joins Coalition to Unveil the “Protecting Students from Creditor Colleges Act” on Institutional Debt

State bill is aimed at protecting students from so-called “institutional debt,” or the educational barriers and harmful debt collection practices related to debts students owe directly to schools.

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Press Releases

Mar 22, 2023

FDIC and CFPB Must Take Immediate Action to Halt SoFi’s Latest Lawbreaking Effort to Prey on Customers and Exploit the Banking Crisis

SBPC Provides Federal Regulators With Evidence of New SoFi Scheme to Sell Fake Financial Product Using FDIC’s Likeness March 22, 2023 | WASHINGTON, D.C. — Moments ago, the Student Borrower Protection Center (SBPC) sent a letter to the Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) demanding immediate action against SoFi Bank […]

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Press Releases

Mar 21, 2023

Advocates Commend U.S. Labor Department for Taking Action to Protect Workers from Predatory Employer-Driven Debt

The U.S. Department of Labor filed its first-ever lawsuit against a company for allegedly using a “stay-or-pay” contract that required employees to pay the employer if they leave their job before the end of a contract.

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