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Social Security


  • News Clips
    May 13, 2020

    Evers’ task force on student debt meets for first time

    One person, from the Student Borrower Protection Center, said even with the freezes the federal government has put on student loans right now, student debt has been and will continue to be an issue, if not get worse. That’s just one piece of what the group will talk about and eventually try to solve. “Our goal is really to come up with a set of workable, practical, implementable solutions that we can put…

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  • Blogs
    May 6, 2020

    For-Profit School Accountability

    States have the power to fight back against the abuses perpetrated by for-profit colleges. States can use their long-standing authorities to protect their residents from being swindled by this multi-billion dollar industry. Read below to see all of the ways states are holding the for-profit school industry accountable.

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  • News Clips
    May 6, 2020

    How Debt Collectors Are Transforming the Business of State Courts

    The business of state civil courts has changed over the past three decades. In 1990, a typical civil court docket featured cases with two opposing sides, each with an attorney, most frequently regarding commercial matters and disputes over contracts, injuries, and other harms. The lawyers presented their cases, and the judge, acting as the neutral arbiter, rendered a decision based on those legal and factual arguments. Thirty years later, that docket is dominated…

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  • Blogs
    May 6, 2020

    As Coronavirus Crisis Rages, ISA Companies Ramp Up to Reap the Reward

    Before the ink had dried on 30 million Americans’ layoff notices, companies peddling “income share agreements” (ISAs) were already trotting out crafty PR pitches, misleading marketing materials, and new predatory programs aimed at exploiting this crisis.

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  • Blogs
    May 1, 2020

    Help Us Stop Betsy DeVos’ Illegal Wage Garnishments

    If you have had your wages garnished to repay a federal student loan, we want to hear from you. We know that borrowers across the country have had their wages illegally seized by Education Secretary Betsy DeVos. That’s why we have partnered with Student Defense and National Consumer Law Center to bring a new class action lawsuit against the Trump Administration.

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  • Press Releases
    May 1, 2020

    Advocates and Veterans Groups Urge Financial Institutions to Follow Military Consumer Protection Law During COVID-19 Mobilizations

    Groups send letters to the nation’s major financial institutions urging them to ensure that service members—including those called up to support COVID-19 emergency response efforts—are not being mistreated or denied their rights under federal law.

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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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  • Lawsuits
    May 1, 2020

    Administrative Wage Garnishment Complaint Against Department of Education Secretary Betsy DeVos

    The lawsuit seeks to end unlawful wage garnishment by Secretary DeVos and the Trump Administration for hundreds of thousands of borrowers and to return the money illegally seized from these borrowers’ paychecks.

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  • Press Releases
    May 1, 2020

    U.S. Department of Education and Secretary DeVos Sued for Illegally Seizing Student Borrowers’ Paychecks During Coronavirus Emergency

    Student Defense and the National Consumer Law Center (NCLC), with the support of the Student Borrower Protection Center (SBPC), filed a class action lawsuit against the U.S. Department of Education and Secretary Betsy DeVos, demanding an immediate halt to the Department’s illegal garnishment of student borrowers’ wages.

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  • Blogs
    Apr 30, 2020

    Private Student Loan Borrowers Need to be Part of the Next Congressional Relief Package

    Today, the SBPC released a comprehensive analysis showing a growing cause for concern within the private student loan market. The report finds that the rapidly growing private student loan market is putting the most vulnerable borrowers at risk. Even before the current coronavirus-fueled crisis, these borrowers struggled to get help when they needed it. Now, private student loan borrowers continue to suffer from the burden of this debt while borrowers with federal loans…

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  • Blogs
    Apr 30, 2020

    Private Student Loans: New Report Sheds Light on the Need for Borrower Protection in an Opaque $130 Billion Market

    Today, the SBPC released a new report examining the private student loan market. The report offers a snapshot of recent trends and borrower outcomes in the space, indicating a critical need for more rigorous borrower protection at the federal, state, and local level.

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  • Reports
    Apr 30, 2020

    Private Student Lending Report

    This report documents the rapid growth of the private student loan market and demonstrates why there is a desperate need for accountability and reforms to protect the millions of borrowers whose lives are impacted by this market.

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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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  • Reports
    Apr 24, 2020

    SBPC, U.S. PIRG, and Consumer Action Issue Brief on CFPB Complaint Database Improvements

    In an issue brief, the SBPC, U.S. PIRG, and Consumer Action outline key steps the CFPB can take to expand and enhance its complaint tool, including the agency’s public complaint database.

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  • Press Releases
    Apr 24, 2020

    Americans Need Stronger Consumer Protections During COVID-19 Crisis

    The Student Borrower Protection Center (SBPC), the U.S. Public Interest Research Group (U.S. PIRG), and Consumer Action released recommendations on Friday for the Consumer Financial Protection Bureau (CFPB) to enhance its consumer complaint tool to protect borrowers during the coronavirus (COVID-19) pandemic.

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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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  • Press Releases
    Apr 21, 2020

    Americans for Financial Reform and SBPC Send Letter to Navient Board of Directors Demanding Investment in Student Borrowers, Not Shareholders

    The Student Borrower Protection Center (SBPC) and Americans for Financial Reform (AFR) sent a letter to the Board of Directors of Navient Corporation urging 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 crisis.

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  • Press Releases
    Apr 21, 2020

    Coalition of Advocates Urge Congressional Oversight Commission to Aggressively Monitor Over $1 Billion in CARES Act Funds Going to For-Profit Schools

    Today, a coalition of over 40 consumer advocacy organizations sent a letter to the Congressional Oversight Commission established to oversee CARES Act implementation calling for aggressive monitoring of funds going to for-profit schools.

    More


  • 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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