Media Type: Press Releases

One Year After Trump’s Hostile Takeover of CFPB, Members of Congress, Workers, and Advocates Gather to Demand the Administration Put Borrowers Over Billionaires

Trump attacks on the CFPB cost Americans at least $18 billion in 2025.

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“Debt Cancellation for Big Banks?” Advocates Say Shuttering the Consumer Watchdog Lets Wall Street Off the Hook While Families Pay the Price

A coalition of dozens veterans and national, state, and local nonprofit groups submitted an amicus brief to the U.S. Court of Appeals for the District of Columbia Circuit in NTEU v. Vought.

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As Millions of Working Families Drown in $1.2 Trillion in Credit Card Debt, Historic Coalition of Civil Rights, Labor Unions, Veterans, Consumer Protection, and Borrower Advocates Come Together to Call On Congress to Advance Legislation Capping Credit Card Interest Rates at 10%

An historic and diverse coalition of civil rights, labor unions, veterans, consumer protection, and borrower advocates sent an urgent letter to leaders on U.S. Senate and U.S. House committees calling on them to advance the 10 Percent Credit Card Interest Rate Cap Act of 2025.

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New Investigation Shines a Light on Predatory Creditors Capitalizing on Sky-High Rents With “Rent Now, Pay Later” Loans

Report from Protect Borrowers and Towards Justice pulls curtain back on predatory short-term, high-cost loans marketed to Americans struggling to pay high rents.

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At Davos, Trump Pays Lip Service to 10% Credit Card Interest Rate Cap; Advocates Demand Action

Families continue to struggle under record-high credit card rates as cost-of-living soars.

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MOHELA Hit With Fresh Charges of Ongoing Student Loan Mismanagement

AFT amends complaint in lawsuit against embattled student loan servicer; alleges MOHELA’s misconduct has been ongoing for years.

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Amidst Growing Affordability Crisis, Trump Administration Abandons Plans to Subject Millions of Borrowers and Their Families to Draconian Forced Collections

Announcement comes days after advocates call on Administration to halt wage garnishment.

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Advocates Release PSA for Student Loan Borrowers: The Government May Seize Your Tax Refund

Borrowers advised to “Dial Before You File” to know if their loans are in default and their refund is at risk.

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New Analysis Finds That a Student Loan Borrower Defaulted Every Nine Seconds in 2025, as Trump Restarts Wage Garnishment

Protect Borrowers’ new analysis estimates a borrower has defaulted on a student loan every 9 seconds since January 2025. Additionally, a coalition letter urges the Administration to halt plans to resume garnishing defaulted borrowers’ wages.

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Trump Admin Decision to Garnish Wages from Defaulted Student Loan Borrowers is Cruel, Unnecessary, and Irresponsible

As millions of borrowers sit on the precipice of default, this Administration is using its self-inflicted limited resources to seize borrowers’ wages instead of defending borrowers’ right to affordable payments.

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