Resources & Litigation
Groups warn that, in light of the delayed implementation of the STOP Act third-party access system, Section D.3 risks blocking vulnerable borrowers from getting necessary legal assistance.
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Advocates commented on proposed rules for education financing products in California aimed at protecting borrowers from predatory education financing products.
Student Borrower Protection Center offers comments on proposed interagency guidance for banking organizations on managing risks associated with third-party relationships.
In a public comment to ED, SBPC, American Federation of Teachers, AFL-CIO, Americans for Financial Reform Education Fund, Center for Responsible Lending, and the National Consumer Law Center, representing students, student loan borrowers, teachers, and consumers, applaud ED’s affirmation that states are important partners in protecting student loan borrowers and call for more support by states as they continue this important work.
In a public comment to the Virginia State Corporation Commission, SBPC and 12 organizations representing consumers, students, student loan borrowers, and teachers draw attention to industry attempts to circumvent the legislative process, and call on the regulator to faithfully implement the Commonwealth’s new consumer protections.
SBPC submitted a comment to ED outlining SBPC’s priorities to protect student loan borrowers and address the burden of student debt on families, communities, and the economy.