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  1. Resources & Litigation
  2. Letters/Memos

Letters & Memos


  • Letters & Memos
    Dec 6, 2021

    Advocates Demand Industry Deliver Borrowers their Right to PSLF

    SBPC and a coalition of the nation’s largest unions sent letters to 25 large student loan companies demanding immediate action to ensure successful implementation of ED’s recent overhaul of PSLF.

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  • Letters & Memos
    Dec 1, 2021

    Advocates Call on the CFPB to Protect Workers Against Predatory Employer-Driven Debt

    The SBPC and the Open Markets Institute warn the Consumer Financial Protection Bureau about the risks that emerging forms of employer-driven student debt pose for workers and markets.

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  • Letters & Memos
    Nov 3, 2021

    Letter to PHEAA Warning of Potential Consumer Protection Violations Related to PSLF Implementation

    In a letter to PHEAA, the SBPC warns the company that providing incorrect, misleading information to borrowers related to the recent overhaul of the Public Service Loan Forgiveness (PSLF) program violates federal and state consumer financial protections.

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  • Letters & Memos
    Oct 28, 2021

    Letter to the CFPB on Troubling Practices by Large Technology Companies

    In a letter to the Consumer Financial Protection Bureau, the SBPC calls attention to troubling practices by large technology companies that are occurring in the higher education finance and postsecondary education space.

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  • Letters & Memos
    Sep 21, 2021

    Letters to Federal Regulators on Income Share Agreements

    In light of recent action by the CFPB to affirm that ISAs are a form of private student loan that must comply with all relevant state and federal consumer financial protections, the SBPC sent letters to a number of federal agencies highlighting the need for increased scrutiny of the ISA market.

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  • Letters & Memos
    Sep 2, 2021

    Advocates Highlight Evidence that Guaranty Agencies Harmed Borrowers and Violated Department of Education Orders During COVID

    SBPC sent a letter to the Consumer Financial Protection Bureau to highlight new evidence of illegal conduct by Guaranty Agencies and to call on CFPB to protect borrowers.

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  • Letters & Memos
    Aug 19, 2021

    Legal Analysis, and Need for Increased Enforcement, of the Student Loan Sunshine Act

    In a memorandum, Sabita Soneji and Leora Friedman of Tycko & Zavareei, LLP outline the legal tools available to hold bad actors accountable for an ongoing scheme to drive students toward predatory private credit. 

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  • Letters & Memos
    Jun 24, 2021

    Over 125 Advocacy Organizations Call on President Biden to Keep Student Loan Payments Shut Off

    In a letter to President Biden, the SBPC and over 125 organizations representing millions of students, workers, people of color, veterans, people with disabilities, and people of faith, call on the Administration to extend the pause on student loan payments scheduled to resume for millions of borrowers on October 1, 2021.

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  • Letters & Memos
    Jun 14, 2021

    Income Share Agreements and Liability for Servicing Unenforceable Debt

    This memo explores how state law may render many ISA companies’ contracts unenforceable, and how the continued servicing of voided debts may amount to a violation of state and federal law.

    More


  • Letters & Memos
    May 7, 2021

    Campus Debit and Prepaid Cards and Best Financial Interest Standard

    This issue brief, from the SPBC and the Consumer Financial Transactions Clinic at the University of North Carolina, School of Law, examines how the Department of Education can more fully implement rules already on the books to crack down on abuses in the market for school-sponsored prepaid cards and debit cards.

    More

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