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  1. Media & Events
  2. Press Releases

Press Releases


  • Press Releases
    Apr 1, 2025

    As CFPB Enforcement Folds, Predatory Tech Company Prehired Defies Government Order to Cease Operations and Continues Defrauding Students

    SBPC released the results of a months-long investigation into the tech company Prehired, exposing how the firm had resumed its scheme to push worthless credentials on students, paid for via its own predatory private student lending operation.

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  • Press Releases
    Mar 28, 2025

    In a Major Victory for Americans, Federal Court Blocks Trump, Musk, Vought Effort to Dismantle the Consumer Financial Protection Bureau

    Preliminary injunction orders Trump Administration to reinstate CFPB student loan ombudsman and get CFPB back to work on behalf of consumers.

    More


  • Press Releases
    Mar 26, 2025

    As House Financial Services Committee Majority Lines Up Industry Witnesses to Bash CFPB, Consumer Advocates Issue Rap Sheet Highlighting More Than $3 Billion in Harm Caused by Corporate Repeat Offenders

    Seven repeat offenders pardoned by the Trump Administration have paid more than $7 billion for their illegal activities as a result of CFPB and other regulators.

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  • Press Releases
    Mar 25, 2025

    AFT v. ED Update: Under Pressure, ED Will Restore IDR Application Tomorrow But Will Not Immediately Resume IDR Paperwork Processing

    SBPC and AFT are still committed to ensuring borrowers access their right to affordable payments and debt relief amid million-borrower paperwork backlog.

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  • Press Releases
    Mar 21, 2025

    Moving the Student Loan Program to SBA is Illegal, Unserious, and a Distraction

    If Donald Trump actually cared about lowering costs for working people across this country and not just throwing red meat to his base, he would shut the student loan system down.

    More


  • Press Releases
    Mar 20, 2025

    Trump and McMahon Take Wrecking Ball to Education Department, Betraying Students and Working Families

    Advocates call on Congress to convene emergency hearing, demand answers, and hold Linda McMahon accountable.

    More


  • Press Releases
    Mar 19, 2025

    AFT Sues U.S. Department of Education, Demands Justice for Student Loan Borrowers Blocked from Affordable Loan Payments

    The 1.8 million-member AFT sued ED for effectively breaking the student loan system, denying borrowers’ access to affordable loan payments and blocking progress towards PSLF, in violation of federal law.

    More


  • Press Releases
    Mar 11, 2025

    Trump and McMahon’s Mass Firing at ED Stokes Flames of Ongoing Chaos Campaign

    Straight from the Project 2025 playbook, this reduction in force is a calculated step to further destabilize the lives of students and working families.

    More


  • Press Releases
    Mar 7, 2025

    Former CFPB, FTC, and White House Officials Join the Fight to Protect Borrowers

    SBPC, UC SLLI, and Protect Borrowers Action are proud to announce a new cohort of fellows who will bring their deep experience serving across the White House, CFPB, and the FTC to the fight to protect borrowers.

    More


  • Press Releases
    Mar 7, 2025

    Advocates Blast Trump Plans to Sign Executive Order to Weaponize Public Service Loan Forgiveness and Stifle Free Speech Across America

    Today, President Trump signaled his intent to sign an executive order to revoke eligibility for PSLF from borrowers employed at non-profit organizations engaging in work opposed by the Trump Administration.

    More

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