In the News
Borrowers living just a few blocks away from one another can have vastly different experiences with their student loans and that wide gulf in outcomes corresponds strongly with the racial makeup of a neighborhood.
June 9, 2020 | With Payments on Pause, Watch Your Credit Score
The degree to the law protects credit varies by loan type. And with millions of people putting various types of loan payments on pause, lenders may make errors when reporting a loan’s status to the companies that compile credit-related information.
The National Consumer Law Center and the Student Borrower Protection Center filed a complaint with the Federal Trade Commission on Monday, asking the agency to look into practices by Vemo Education, alleging the company provided potential customers with inaccurate information about its own and competitors’ products.
Alarming racial disparities in student debt burden and borrower distress exist across American cities, according to a new report issued today by the Student Borrower Protection Center.
The SBPC and NCLC filed a complaint with the Federal Trade Commission (FTC) urging it to investigate Vemo Education, Inc. for unfair and deceptive business practices under the Federal Trade Commission Act in the marketing and promotion of income-share agreements (ISAs).
Today, individuals representing a class of millions of student loan borrowers sued five of the nation’s largest financial companies for illegally damaging borrowers’ credit and mishandling CARES Act pandemic relief.
Testimony of Katherine Welbeck Before the California Assembly Select Committee on Student Debt: Student Debt Impacts on California Neighborhoods
Testimony of Seth Frotman at the House Financial Services Committee hearing: A $1.5 Trillion Crisis: Protecting Student Borrowers and Holding Student Loan Servicers Accountable
Keynote remarks of Seth Frotman in conjunction with the release of the San Francisco Federal Reserve Bank’s paper, At What Cost?: Student Loan Debt in the Bay Area.