Letters & Memos

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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Letters & Memos

Mar 19, 2020

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

In letters sent to ED Secretary Betsy DeVos, CFPB Director Kathy Kraninger, and student loan industry CEOs, SBPC and the AFT demand action to protect student loan borrowers during the coronavirus pandemic.

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Letters & Memos

Jul 18, 2019

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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