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Social Security


  • Letters & Memos
    Apr 2, 2024

    20 Organizations Send Letter to FTC, Calls for a Ban on TRAPs, Highlighting Their Growing Use

    20 organizations wrote the FTC to highlight new research documenting the growing use of TRAPs, and called for the FTC to ban their use in the final non-compete rule.

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  • Press Releases
    Mar 29, 2024

    MOHELA’s “Cease and Desist” Letter Offers New Evidence of Mismanagement, Abuse by the Scandal-Ridden Student Loan Company

    Advocates to MOHELA: “Tuuth is on our side;” AFT and SBPC petition Education Department Inspector General to audit MOHELA’s performance under its federal contracts.

    More


  • Press Releases
    Mar 27, 2024

    LDF, SBPC, and Upstart Announce Final Monitorship Report on AI and Fair Lending

    Independent monitor ends oversight of Upstart network amid impasse and offers guidance for fair lending oversight in financial services; parties warn of risk of AI-driven bias in consumer lending.

    More


  • Press Releases
    Mar 21, 2024

    Cross-Post: Judge Rules That Requiring Workers To Pay For Training Benefiting Employers Violates The Law

    A federal judge denies a motion to dismiss in Fredericks v. Ameriflight, ruling that when employers use TRAPs to try to charge workers for on-the-job training, they may be violating the minimum wage laws. The court also held that the TRAP operated as a “de facto”non-compete by preventing workers from leaving their jobs.

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  • Press Releases
    Mar 18, 2024

    After Release of “The MOHELA Papers” Exposé, Senate Announces Hearing

    SBPC applauds Senate Banking Subcommittee; urges policymakers to hold MOHELA executives accountable and make borrowers harmed by the student loan giant whole.

    More


  • News Clips
    Mar 18, 2024

    Warren calls hearing to put spotlight on student loan servicer MOHELA

    More


  • News Clips
    Mar 18, 2024

    Elizabeth Warren announces inquiry into loan servicer MOHELA, hears personal stories from borrowers

    More


  • Letters & Memos
    Mar 13, 2024

    Comments in Response to Proposed Joint Consolidation Loan Separation Application

    In response to the U.S. Department of Education’s proposed Joint Consolidation Loan Separation Application, the Student Borrower Protection Center submitted a comment urging the Department to finalize the proposed application and begin to implement the Joint Consolidation Loan Separation Act quickly and to the fullest extent possible.

    More


  • Press Releases
    Mar 8, 2024

    SBPC Applauds President Biden for Unprecedented Progress in Cancelling Student Debt; Urges Him to Continue the Effort to Deliver His Promises

    Group calls on Biden to enact “Plan B” debt relief effort swiftly and efficiently.

    More


  • News Clips
    Mar 1, 2024

    Major student loan company MOHELA accused of ‘deflecting’ calls, mismanagement

    “We have ample evidence to show that something rotten is happening in Missouri,” said Mike Pierce, the executive director of the Student Borrower Protection Center.

    More


  • News Clips
    Mar 1, 2024

    Student Loan Forgiveness Reversals Cause Growing Panic For Borrowers

    More


  • News Clips
    Mar 1, 2024

    MOHELA faces accusations it mismanaged federal student loan forgiveness program

    The accusations against the Missouri Higher Education Loan Authority, better known as MOHELA, were laid out in a 47-page report released Wednesday by the American Federation of Teachers and the Student Borrower Protection Center, which alleged four in 10 of MOHELA’s borrowers have been affected by “servicing failures,” such as a backlog of unprocessed loan-forgiveness applications, payment miscalculations and wrongfully denied applications.

    More


  • News Clips
    Mar 1, 2024

    Report Finds ‘Call Deflection’ Loan Servicing Scheme

    The American Federation of Teachers (AFT) and the Student Borrower Protection Center (SBPC) released the results of a years-long investigation into industry mismanagement of the student loan system.

    More


  • News Clips
    Mar 1, 2024

    MOHELA points finger at federal government in response to criticism of loan program

    More


  • News Clips
    Feb 29, 2024

    ‘I’m so frustrated’: Student-loan servicer is blocking borrowers seeking answers, debt relief, report claims

    More


  • News Clips
    Feb 28, 2024

    3 top Democratic lawmakers are calling for an investigation into a major student-loan company, accusing it of ‘loan forgiveness mismanagement’ for millions of borrowers

    More


  • News Clips
    Feb 28, 2024

    Biden Just Erased $1.2B in Student Loans. Yours Could Be Next

    More


  • Reports
    Feb 28, 2024

    The MOHELA Papers: The Rise of A Student Loan Servicing Giant and the Fall of the Student Loan System

    This report is the result of a years-long investigation into industry mismanagement of the student loan system—exposing a scheme to deny service to millions of working people with student debt by the student loan company responsible for handling the Public Service Loan Forgiveness program.

    More


  • Press Releases
    Feb 28, 2024

    Student Loan Giant Caught Deploying “Call Deflection” Scheme, Jeopardizing Relief for Millions

    Blockbuster investigation uncovers “The MOHELA Papers,” never-before-seen internal records show company plans to deny service as servicing failures affect at least four-in-ten MOHELA customers.

    More


  • Press Releases
    Feb 27, 2024

    Advocates Urge Congress to Pump the Brakes on Workforce Pell Act, Urge Policymakers to Reject Deal That Will Harm Vulnerable Students, Borrowers and Jeopardize PSLF

    Proposal would open up the Pell Grant program to extra-short-term workforce training programs and give the green light to some of the most shady and predatory for-profit schools and OPMs to pad their bottom lines.

    More

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