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  1. Media & Events
  2. Press Releases

Press Releases


  • Press Releases
    Jul 29, 2025

    Thanks to Trump CFPB’s Actions, More Than $360 Million Owed to Americans is at Risk, New Investigation Reveals

    A joint Consumer Federation of America and SBPC investigation reveals more than $360 million in redress owed to Americans is at risk due to actions taken by the Trump-led CFPB.

    More


  • Press Releases
    Jul 24, 2025

    State Attorneys General Halt Years-Long, Abusive Training Debt Scheme by Giant Hospital Operator, Freeing Nurses in California, Colorado, and Nevada from TRAPs

    Following multi-state AG action against HCA Healthcare, California legislature is poised to ban all Training Repayment Agreement Provisions (TRAPs) across the golden state.

    More


  • Press Releases
    Jul 15, 2025

    Advocates Applaud Senate Effort to Hold Secretary McMahon Accountable for Burying Working Families with Student Debt in $27 Billion Unnecessary Interest Charges

    As inflation spikes, SBPC unveils a new state map highlighting how much the Trump Administration’s decision to resume interest will cost working families across each state.

    More


  • Press Releases
    Jul 9, 2025

    Trump Administration to Restart Student Loan Interest Charges for Nearly 8 Million Borrowers, Borrowers Will Face More than $3500 Per Year in New Charges

    New analysis of Trump policy projects borrowers will pay $27 billion in unnecessary interest charges per year as millions remain unable to access legal rights to affordable loan payments.

    More


  • Press Releases
    Jul 3, 2025

    Advocates React to Lawmakers’ Passage of “Big Terrible Bill” Delivering Trillions in Tax Cuts to Billionaires, ‘Shame on You!’

    The House of Representatives passed the “Big Terrible Bill” that delivers $4.5 trillion in tax cuts for billionaires and big corporations while gutting essential healthcare, nutrition assistance, and education programs American families rely on.

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  • Press Releases
    Jul 1, 2025

    Republican Controlled Senate Advances “Big, Terrible Bill,” Delivering Massive Tax Cuts to Billionaires on the Backs of Students and Working Families

    Senate bill will drastically raise costs on American families, push higher education further out of reach, and gut our consumer watchdog—threatening the financial security of millions.

    More


  • Press Releases
    Jun 24, 2025

    U.S. Department of Education’s Proposed PSLF Language Uplifts Thinly-Veiled Fascism

    ED released proposed regulatory language to implement President Trump’s EO to exclude certain employers from the PSLF program.

    More


  • Press Releases
    Jun 13, 2025

    New York Legislature Votes by Overwhelming, Bipartisan Majority to Protect Workers From TRAPs

    SBPC applauds the NY State Legislature for passing Assembly Bill A584C, the Trapped At Work Act. This bill will prohibit employers from imposing TRAPs on employees, which put workers on the hook for thousands of dollars in debts owed directly to their employers if they quit, change jobs, or are laid off.

    More


  • Press Releases
    Jun 11, 2025

    Senate Republicans Double Down on House’s Cruel Agenda, Push Reconciliation Bill That Jacks Up Costs for Students and Families to Bankroll Billionaire Tax Breaks

    New analysis projects borrowers would owe thousands of dollars more per year under new Senate proposal.

    More


  • Press Releases
    Jun 4, 2025

    Advocates Sound Alarm as Lead Detractor of Student Debt Cancellation, Joshua Divine, Is Nominated for Lifetime Federal Judicial Appointment

    Later today, Joshua Divine, chief legal architect behind the Republican states-led opposition to the Biden Administration’s student debt relief efforts, will appear before the Senate Committee on the Judiciary as nominee for a federal district judge in Missouri.

    More

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