Letters & Memos

Aug 21, 2020

Advocates Sound Alarm on PayPal’s Education Financing Partnerships with Over 150 For-Profit Schools

SBPC, Allied Progress, Americans for Financial Reform, and Student Debt Crisis sent letters to the CEO of PayPal, Inc. and its regulators warning that the tech firm may be driving significant harm to borrowers attending for-profit schools.

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Letters & Memos

Aug 4, 2020

SBPC and Partners Urge CFPB to Protect Borrowers During LIBOR Transition

SBPC, the National Consumer Law Center, and Americans for Financial Reform, call on the CFPB to better protect consumers during the transition away from LIBOR.

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Letters & Memos

Jun 4, 2020

Letter: Advocates Oppose “Liability Shields” for Colleges Related to the Coronavirus Pandemic

In a letter sent to the U.S. Senate Committee on Health, Education, Labor and Pensions, advocates, led by the SBPC and Americans for Financial Reform, oppose any effort to shield colleges from legal liability if they fail to protect the health and safety of students and workers.

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Letters & Memos

May 29, 2020

SBPC and Coalition Partners Warn of Continued Consumer Risk and Dangerous Stakeholder Complacency in the Transition Away from LIBOR

SBPC, Americans for Financial Reform Education Fund, and the National Consumer Law Center sent a letter to the Alternative Reference Rates Committee, which is managing the transition away from LIBOR, raising key borrower protection concerns.

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Letters & Memos

May 1, 2020

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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Letters & Memos

Apr 27, 2020

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

In a letter sent to ED Secretary Betsy DeVos, SBPC and NCLC urge her to take swift action to mitigate borrower harm from poor implementation of the CARES Act.

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Letters & Memos

Apr 22, 2020

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

SBPC explains why student loan 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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Letters & Memos

Apr 21, 2020

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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Letters & Memos

Apr 17, 2020

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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Letters & Memos

Mar 27, 2020

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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Advocates Sound Alarm on PayPal’s Education Financing Partnerships with Over 150 For-Profit Schools

SBPC and Partners Urge CFPB to Protect Borrowers During LIBOR Transition

Letter: Advocates Oppose “Liability Shields” for Colleges Related to the Coronavirus Pandemic

SBPC and Coalition Partners Warn of Continued Consumer Risk and Dangerous Stakeholder Complacency in the Transition Away from LIBOR

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

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

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

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

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

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

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