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  • News Clips
    Jan 27, 2020

    Virginia House Passes Student Loan Borrower Protection Bill

    During a press conference, advocacy groups spoke in support of the bill. Anna Scholl, executive director of Progress Virginia, says student loan servicers are “not living up to their end of the bargain.” “Student loans are the second largest body of consumer debt in the country outside of mortgages. We owe more in student loans than we do in car payments, in credit card debt, in all of those things, and they’re the…

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  • News Clips
    Jan 15, 2020

    Rep. Provenzano Files ‘Student Borrower Bill of Rights’ Legislation

    State Rep. Melissa Provenzano (D-Tulsa) filed legislation aimed at protecting students borrowing money to pay for their education.

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  • News Clips
    Jan 15, 2020

    Seniors crushed by student debt push for Virginia Bill of Rights

    Virginia lawmakers are being pressed to pass a proposed student-loan borrower “Bill of Rights” by a group most wouldn’t think of with school debt — Virginians age 50 or older.

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  • Blogs
    Jan 8, 2020

    Communities of Color in Crisis: Examining Racial Disparities in Student Loan Debt and Borrower Outcomes

    As reports of widespread servicing breakdowns leading to significant borrower harm continue to emerge, it is critical that we examine the disparity in loan performance between borrowers of color in comparison to their white peers, the role of student loan servicers in exacerbating these outcomes, and the federal inaction that allows potential discrimination by student loan companies to go unchecked.

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  • Press Releases
    Dec 20, 2019

    Student Loan Giant Accused of Cheating Public Service Workers Moves to Block Montana Legal Services Program from Advocating for Low-Income Borrowers’ Rights

    Student loan servicer PHEAA urged the Montana Supreme Court to reject a brief submitted to the court by the Montana Legal Services Association, the National Consumer Law Center, and Student Borrower Protection Center in order to preserve low-income borrowers’ access to justice.

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  • Blogs
    Dec 18, 2019

    Fighting for Borrowers’ Rights in Big Sky Country

    For too long, the student loan industry has sought to sell judges on exotic legal theories to absolve these companies of the consequences of their abuses and deny borrowers their day in court. Today’s amicus brief, co-authored with Montana Legal Services and National Consumer Law Center, is the most recent in a series of amicus curiae briefs filed by SBPC pushing back on industry efforts to escape justice.

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  • Amicus Briefs
    Dec 18, 2019

    Amicus Brief Co-Authored with Montana Legal Services and National Consumer Law Center: Continue to Push Back on Student Loan Industry Efforts to Escape Justice

    Brief supports Montanans demanding justice for abuses by PHEAA, a/k/a Fedloan Servicing—a large, student loan servicing company that deprived these borrowers of their rights under federal law to IDR and PSLF.

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  • Press Releases
    Dec 11, 2019

    Statement from SBPC Executive Director Seth Frotman on the House Financial Services Committee Passage of Sweeping Student Loan Protections

    H.R. 4545, H.R. 5287, and H.R. 5294 create the protections and increase accountability that the millions of Americans who receive a student loan bill each month deserve.

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  • Blogs
    Dec 9, 2019

    Five Things to Know About the Sweeping Student Borrower Protection Legislation Moving Through Congress

    Although student loans are the second-largest class of consumer debt, borrowers are armed with fewer rights and protections than consumers with mortgages, credit cards, or nearly any other type of debt. 

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  • News Clips
    Dec 7, 2019

    Opinion: Charley Olena and Tariq Habash: Student borrowers in Colorado should have greater protections against predatory practices

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  • Blogs
    Dec 5, 2019

    Fewer Rights, Fewer Protections: Reflections on the Lack of Safeguards in Student Lending

    While policymakers strengthened consumer protections for most credit products in the wake of the financial crisis, the rights of student loan borrowers continue to lag far behind. At every step of the lending and repayment process, 44.7 million American student loan borrowers still lack the same basic rights enjoyed by consumers of credit cards, mortgages, and other common financial products.

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  • Testimony & Remarks
    Dec 4, 2019

    Testimony of Katherine Welbeck Before The Assembly Select Committee on Student Debt

    Testimony of Katherine Welbeck Before the California Assembly Select Committee on Student Debt: Student Debt Impacts on California Neighborhoods

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  • Blogs
    Dec 3, 2019

    The System is Broken: What More Than a Decade of Litigation Reveals About the State of the Student Loan Industry

    The student loan industry has repeatedly demonstrated that it is unable to do business in a fair and honest manner, these cases also reveal how the absence of enforceable, industry-specific standards for common practices has left borrowers’ vulnerable to a staggering range of abuses.

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  • Press Releases
    Nov 27, 2019

    Trump Administration’s Failure to Protect Student Loan Borrowers Underscores Need to Pass California Borrower Bill of Rights

    Given growing evidence of widespread predatory practices across the student loan industry as federal regulators are charged with failing to to their job of protecting borrowers, the organizations co-sponsoring AB 376, the California Student Borrower Bill of Rights, are doubling down on their call to the state legislature to pass this critical borrower protection legislation.

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  • Blogs
    Nov 26, 2019

    Setting the Record Straight: ED’s Failures in Student Borrower Protection

    Setting the Record Straight: ED’s Failures in Student Borrower Protection By Ben Kaufman | November 26, 2019 In October, the Department of Education (ED) and its Secretary, Betsy DeVos were held in contempt and fined $100,000 for violating a court order preventing them from illegally collecting on defrauded students’ debts. Noting that ED had breached […]

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  • Press Releases
    Nov 25, 2019

    Student Loan Reform Org Sues Trump Administration Agency Heads For Refusing to Supervise Student Loan Servicers

    Today, Democracy Forward, on behalf of Student Debt Crisis, sued the Trump administration for shirking their legal obligation to supervise large student loan servicers, specifically those servicing federal loans. The suit, filed against Trump-appointed Secretary of Education Betsy DeVos and CFPB Director Kathy Kraninger and their respective agencies, cites efforts by both agencies to shield large student loan servicers from scrutiny.

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  • Blogs
    Nov 22, 2019

    New Navient Investigations Shed Light on How Courts Continue to Reject DeVos’s Efforts to Shield Student Loan Companies

    DeVos and Navient are losing this fight in court. Navient is being sued by the Consumer Financial Protection Bureau and the States of Illinois, Washington, Pennsylvania, California, and Mississippi for illegal servicing practices.

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  • News Clips
    Nov 21, 2019

    Student Loan Borrowers Need More Protection—and California Is Leading the Way

    Lawmakers in California have put forward the first legislation of its kind that would create clear, enforceable protections against abuses by student loan companies.

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  • Press Releases
    Nov 6, 2019

    Student Borrower Protection Center Announces New Hires, Organization Growth

    The Student Borrower Protection Center (SBPC) is announcing the addition of six new team members to support the organization’s work to end the student debt crisis. New staff include: Tamara Cesaretti as Counsel; Rebecca Maurer as Counsel and Program Manager for the Student Loan Law Initiative; Kat Welbeck as Counsel; Moira Vahey as Communications Director; Walter Suskind as Deputy Communications Director; and Ben Kaufman as Research and Policy Analyst.

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  • Blogs
    Nov 4, 2019

    Roundup: Congress Continues to Raise Pressure on CFPB Director to Stand Up for Student Borrowers

    Recently, lawmakers have been raising the pressure on the CFPB to fight for student loan borrowers, calling on Director Kraninger to get to work. Below is a recap of lawmakers’ recent exchanges with Director Kraninger around the Bureau’s failure to stand up for student loan borrowers and the need for the agency to do its job on behalf of borrowers.

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