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Press Releases

Mar 4, 2025

Consumer Advocates: Corporate Pardons for Wells Fargo, Bank of America, J.P. Morgan Chase, and Zelle Parent Company Mark Trump CFPB’s “Open Season for Ripping Off Americans”

Today, Trump leadership at the Consumer Financial Protection Bureau (CFPB) dropped a major enforcement case against the operators of the peer-to-peer payments app Zelle—parent company Early Warning Services (EWS), and three of EWS’ owner banks, Wells Fargo, Bank of America, and J.P. Morgan Chase. The dismissal of the case occurred despite an incriminating complaint filed by the CFPB in December 2024 that alleged that Americans have lost more than $870 million in fraud…

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News Clips

Mar 4, 2025

Student loan borrowers misled by colleges were about to get relief. Trump fired people poised to help

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Press Releases

Mar 3, 2025

SBPC Calls on Senators to Protect Public Education, Stand with Working Families, and Reject Linda McMahon’s Dangerous Nomination to Lead Department of Education

Today, the United States Senate is expected to vote on the nomination of Linda McMahon to serve as the next Secretary of Education. If confirmed, McMahon would be charged with managing a $1.6 trillion dollar student loan portfolio—the equivalent of one of the largest consumer banks in the world. In the last few days alone, the Trump Administration has already sparked unprecedented chaos and confusion for millions of working families with student debt…

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News Clips

Mar 3, 2025

Consumer Financial Protection Bureau payouts in limbo as agency defanged by Trump

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Press Releases

Feb 28, 2025

Current and Former CFPB Officials: Trump Appointees are Lying, Concealing Scheme to Defang Consumer Watchdog

Late last night, 12 current and former Consumer Financial Protection Bureau (CFPB) officials filed declarations in a federal court case that seeks to protect the CFPB from a relentless, weeks-long assault by Trump Administration appointees including Elon Musk and Acting CFPB Director Russ Vought.

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FOIAs Reports

Feb 28, 2025

Maryland Institutional Debt Public Records Analysis

The Student Borrower Protection Center (SBPC) submitted Maryland Public Information Act requests to 12 different public higher education institutions in the state of Maryland seeking information about the debt that current and former students owe to their schools. Only five out of the 12 institutions provided any data, and even of those that did, the data received was incomplete.

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News Clips

Feb 28, 2025

The Trump administration blocks student-loan borrowers from online access to decades-old affordable repayment plans

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News Clips

Feb 28, 2025

The Plot to Destroy the CFPB

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News Clips

Feb 28, 2025

Trump’s CFPB Drops Cases Against Companies Accused of Cheating Consumers

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Press Releases

Feb 27, 2025

Press Call Advisory for Friday, February 28: Former Consumer Protection Officials to React to Trump CFPB Dismissing Slew of Enforcement Actions and Resulting Harm to Americans

Tomorrow at 11:00 a.m. ET, top experts from the Student Borrower Protection Center (SBPC) and Consumer Federation of America (CFA) will join the former head of enforcement from the Consumer Financial Protection Bureau (CFPB) to respond to the news that Trump leadership at the CFPB dismissed a slew of enforcement actions totaling billions of dollars in consumer harm. The cases include:

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Press Releases

Feb 27, 2025

CFPB Drops Enforcement Action Against Predatory Student Loan Company

Today, the Consumer Financial Protection Bureau (CFPB) withdrew its lawsuit against the Pennsylvania Higher Education Assistance Agency (PHEAA), the giant student loan servicer whom the Bureau sued in 2024 for illegally pursuing borrowers for debts that had been discharged in bankruptcy.

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News Clips

Feb 27, 2025

Student-loan borrowers struggle to access repayment plans. Advocates worry about ‘chaos.’

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News Clips

Feb 27, 2025

Her Student Loans Were Forgiven. Then They Came Back.

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Blogs

Feb 25, 2025

President Trump Promised Lower Costs, Instead He and Congressional Republicans are Pushing Millions of Working Families Further Into the Red

House Republicans are moving forward with their plans to pass a budget that will allow them to deliver $4.5 trillion in tax cuts to billionaires and big corporations by cutting education, lifesaving healthcare and food assistance, and other critical social programs that working families rely on.

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News Clips

Feb 25, 2025

Income-Driven Repayment Plans: What to Know

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News Clips

Feb 25, 2025

Student loan borrowers face abrupt change as GOP plans threaten to raise payments

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News Clips

Feb 25, 2025

Amid risks to Education Dept., borrowers should ‘immediately’ take key actions, consumer advocates say

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Press Releases

Feb 24, 2025

Trump Administration Denies Access to Affordable Repayment Plans in Extreme Response to Right-Wing Court Order

Move comes as Trump and Musk wreak chaos on working families and fire thousands of public service workers who now need IDR to avoid default.

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Press Releases

Feb 24, 2025

Media Availability: Former Heads of CFPB Enforcement and Supervision, Former CFPB Student Loan Ombudsman Available to Highlight Ongoing Risks to Consumers As CFPB Shutdown Enters Fourth Week

After speaking out on CBS News’ 60 Minutes, the former heads of the CFPB enforcement and supervision divisions, along with the CFPB’s former student loan ombudsman, are available to discuss why it’s urgent for the agency to be able to get back to work protecting consumers from financial fraud and crimes.

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Fact Sheets

Feb 24, 2025

Statewide Fact Sheets on the Impact of the Consumer Financial Protection Bureau

These fact sheets—created by SBPC, AFR, and CFA—shed light on the number of Americans in each state who have reached out to the CFPB for help and have benefitted from the CFPB’s work to hold companies accountable for abusive, predatory, and deceptive practices.

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Consumer Advocates: Corporate Pardons for Wells Fargo, Bank of America, J.P. Morgan Chase, and Zelle Parent Company Mark Trump CFPB’s “Open Season for Ripping Off Americans”

Student loan borrowers misled by colleges were about to get relief. Trump fired people poised to help

SBPC Calls on Senators to Protect Public Education, Stand with Working Families, and Reject Linda McMahon’s Dangerous Nomination to Lead Department of Education

Consumer Financial Protection Bureau payouts in limbo as agency defanged by Trump

Current and Former CFPB Officials: Trump Appointees are Lying, Concealing Scheme to Defang Consumer Watchdog

Maryland Institutional Debt Public Records Analysis

The Trump administration blocks student-loan borrowers from online access to decades-old affordable repayment plans

The Plot to Destroy the CFPB

Trump’s CFPB Drops Cases Against Companies Accused of Cheating Consumers

Press Call Advisory for Friday, February 28: Former Consumer Protection Officials to React to Trump CFPB Dismissing Slew of Enforcement Actions and Resulting Harm to Americans

CFPB Drops Enforcement Action Against Predatory Student Loan Company

Student-loan borrowers struggle to access repayment plans. Advocates worry about ‘chaos.’

Her Student Loans Were Forgiven. Then They Came Back.

President Trump Promised Lower Costs, Instead He and Congressional Republicans are Pushing Millions of Working Families Further Into the Red

Income-Driven Repayment Plans: What to Know

Student loan borrowers face abrupt change as GOP plans threaten to raise payments

Amid risks to Education Dept., borrowers should ‘immediately’ take key actions, consumer advocates say

Trump Administration Denies Access to Affordable Repayment Plans in Extreme Response to Right-Wing Court Order

Media Availability: Former Heads of CFPB Enforcement and Supervision, Former CFPB Student Loan Ombudsman Available to Highlight Ongoing Risks to Consumers As CFPB Shutdown Enters Fourth Week

Statewide Fact Sheets on the Impact of the Consumer Financial Protection Bureau

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