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  1. Resources & Litigation
  2. Letters/Memos

Letters & Memos


  • 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.

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  • 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.

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  • Letters & Memos
    Apr 20, 2021

    Advocates Call on the OCC to Carefully Scrutinize Bank Partnerships with Companies Providing Income Share Agreements

    In a letter, the SBPC, Americans for Financial Reform Education Fund, the California Reinvestment Coalition, the Center for Responsible Lending, Consumer Reports, and the National Consumer Law Center urge the OCC to carefully scrutinize the “partnership” between Blue Ridge Bank, a federally chartered national bank, and MentorWorks, a student financing company that offers ISAs.

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  • Letters & Memos
    Apr 12, 2021

    97 Advocacy Organizations Call on the Secretary of Education to Cancel Student Debt for All Public Service Workers with 10 or More Years of Service

    In a letter to Secretary of Education Miguel Cardona, the SBPC, Equal Justice Works, and 95 other advocacy organizations, call on ED to conduct an immediate 90 day review of the PSLF program and cancel the student loan debt of all public service workers who have completed ten or more years of service.

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