Press Inquiries

Email press@protectborrowers.org


In the News

April 9, 2019 The Seven Minute Rule

Seth Frotman joins Michael Lewis on the popular podcast Against The Rules to discuss how the government protects us from some dangerous products, but not from others that, over time, ruin countless lives.

April 8, 2019 ‘Lousy System’: U.S. Official Who Resigned Explains How the Student Debt Crisis Got So Bad

In an interview with Yahoo Finance, former Consumer Financial Protection Bureau (CFPB) Ombudsman and current Executive Director of D.C.-based nonprofit Student Borrower Protection Center Seth Frotman explained that the ongoing crisis is a result of decades of unchecked behavior of various predatory parties and weak government regulation of the industry.

April 5, 2019 Senators To Consumer Watchdog: Prove You’re Protecting Student Borrowers

Six Democratic senators, including two presidential candidates, sent a letter to the head of the Consumer Financial Protection Bureau on Wednesday demanding that the agency prove it is policing the companies, known as servicers, that the government pays to manage its trillion-dollar, federal student loan portfolio.


Press Releases

February 14, 2019 | Education Department Watchdog Finds Government’s Student Loan Arm Failed to Act as Student Loan Companies Cheated Borrowers

Today, the Inspector General of the U.S. Department of Education released a sweeping audit of the federal government’s flailing effort to police the student loan industry. This new audit finds that the Education Department’s student loan arm, the Office of Federal Student Aid (FSA), failed to oversee all nine student student loan companies responsible for handling accounts for tens of millions of Americans.

January 24, 2019 | New Analysis Reveals New Yorkers Suffer Under the Weight of Historic Levels of Student Debt, Empire State Must Take Action to Protect Borrowers

Today, the SBPC and New Yorkers for Responsible Lending (NYRL) released a new analysis demonstrating the scale of the student debt crisis in New York. This new analysis of government data shows that more than one-in-five New York consumers now owe student loan debt. For the first time, nearly half of all millennials in New York owe money on a student loan. 

January 22, 2019 | New Analysis Reveals More than 730,000 Coloradans Suffer Under the Weight of Historic Levels of Student Debt, State Must Take Action to Protect Borrowers

Today, the SBPC and New Era Colorado released a new analysis demonstrating the scale of the student debt crisis in Colorado. A new analysis of government data shows that more than 1-in-4 middle-aged Coloradans now owe student loan debt. For the first time, nearly half of all young adults in the state owe money on a student loan. This analysis makes a clear and compelling case for Colorado to take action to protect student loan borrowers from illegal student loan industry practices.


Remarks

March 27, 2019 Testimony of Seth Frotman Before the California Assembly Committee on Banking and Finance

Testimony of Seth Frotman at the California Assembly Committee on Banking and Finance hearing: An Examination of the CFPB under the current Federal Administration and Options for California to Protect its Consumers.

March 7, 2019 Testimony of Seth Frotman Before the United States Congress House Financial Services Committee

Testimony of Seth Frotman at the House Financial Services Committee hearing: Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau.

January 31, 2019 Examining the Student Loan Debt Crisis

Remarks of Seth Frotman (as delivered) at the Community Service Society of New York’s event.