Resource Type: Letters & Memos

Advocacy, Letters

SBPC, Military, and Veterans Groups Demand Industry Leaders Uphold SCRA Protections for Military Consumers

Groups send 21 letters to financial industry leaders reminding them of their obligations under the Servicemembers Civil Relief Act.

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Advocacy, Letters

SBPC and NCLC Demand Department of Education Implement Fixes to CARES Act Implementation

In a letter sent to Department of Education Secretary Betsy DeVos, the SBPC, and the National Consumer Law Center (NCLC), urges her to take swift action to mitigate borrower harm from poor implementation of the CARES Act.

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Advocacy, Memos/Issue Briefs

Memo on Automatic Payment Relief by Student Loan Servicers During Coronavirus Pandemic

In a memo, the SBPC, explains why servicers should automatically implement payment relief and protections for distressed borrowers across their entire loan portfolios in response to the coronavirus pandemic.

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Advocacy, Letters

Advocates Urge CARES Act Congressional Oversight Commission to Monitor Funds Going to For-Profit Schools

In a letter sent to the Congressional Oversight Commission established to oversee the CARES Act, a coalition of over 40 consumer advocacy organizations calls for the aggressive monitoring of funds going to for-profit schools.

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Advocacy, Letters

SBPC and AFR Demand Navient Board of Directors Invest in Student Borrowers, Not Shareholders

In a letter sent to the Board of Directors of Navient Corporation, the SBPC and Americans for Financial Reform (AFR), urges the company’s board to halt dividends and stock buybacks, pause planned compensation for itself and the company’s managers, and focus on investing in customer service infrastructure for the remainder of the coronavirus pandemic.

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Advocacy, Letters

SBPC and AFR Urge Industry to Provide Relief to Private Student Loan Borrowers During Coronavirus Pandemic

In letters sent to a dozen large private student loan companies, the SBPC and Americans for Financial Reform (AFR), urge the companies to take steps to mitigate harm to private student loan borrowers caused by the economic fallout of the coronavirus pandemic.

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Advocacy, Letters

SBPC and AFT Demand Government and Industry Leaders Take Action to Protect Borrowers During Coronavirus Pandemic

In letters sent to Department of Education Secretary Betsy DeVos, CFPB Director Kathy Kraninger, and student loan industry CEOs, the SBPC and American Federation of Teachers (AFT), demand action to protect student loan borrowers during the coronavirus pandemic.

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Advocacy, Letters

SBPC and SVA Urge Department of Education to Protect Service Members from Student Loan Abuses

In a letter to Department of Education Secretary Betsy DeVos, the SBPC and Student Veterans of America (SVA), urges the Department of Education to abandon a policy intended to obstruct oversight by agencies charged with enforcing law that protect military borrowers including the Servicemembers Civil Relief Act (SCRA).

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Advocacy, Letters

SBPC and Civil Rights Groups Urge CFPB to Root Out Discrimination in Student Loan Industry

In a letter to CFPB Director Kathy Kraninger, the SBPC and a wide range of civil rights organizations urges the CFPB to utilize its critical enforcement and supervision tools to protect borrowers from discrimination in the student loan industry.

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Advocacy, Letters

SBPC and Labor Unions Demand CFPB Crackdown on Illegal Practices that Deny Public Service Workers Access to Loan Forgiveness

In a letter to CFPB Director Kathy Kraninger, the SBPC and labor unions, demand the CFPB utilize its authorities to protect student loan borrowers working in public service.

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