In the News
September 2, 2020 | Interview on State Protections for Student Loan Borrowers
With California lawmakers passing landmark new protections for student loan borrowers, Seth Frotman talked about what this means for borrowers across the country.
In a landmark move, California’s state legislature passed sweeping legislation this week to protect student loan borrowers.
August 31, 2020 | Student Loan Giant Navient Reaps Backdoor Federal Reserve Subsidy
The Trump administration then extended the suspension by executive action until December 31. But while this relief helps over 35 million borrowers who carry federally owned student loans, it leaves others out.
September 17, 2020 | Statement from Seth Frotman, SBPC Executive Director and former CFPB Student Loan Ombudsman, on Senate Resolution Calling for Administrative Action to Cancel Student Debt to Stimulate the Economy
SBPC Executive Diretor Seth Frotman released the following statement on a senate resolution calling on the President to use existing authority under the Higher Education Act to provide broad-based debt cancellation to tens of millions of student loan borrowers.
Following approval by the California State Assembly, the Student Borrower Bill of Rights is being sent to Governor Gavin Newsom.
An SBPC investigation found that PayPal Credit, a high-cost, digital credit product, is offered by over 150 for-profit schools as a means for students to finance tuition.
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.