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Social Security


  • Blogs
    Jul 28, 2020

    Innovation or Discrimination? Fair Lending Risks and ISAs

    Although the U.S. is desperately in need of solutions for the student debt crisis—and the accompanying racial and ethnic disparities—features of existing Income Share Agreements threaten to exacerbate these inequalities.

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  • Reports
    Jul 21, 2020

    Credit By Any Other Name: How Federal Consumer Financial Law Governs Income Share Agreements

    This paper lays out how ISAs share many characteristics with traditional student loans and how these financial products fall squarely within the consumer financial laws which broadly apply to credit products.

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  • Blogs
    Jul 21, 2020

    This is not the Credit You’re Looking for: Why Jedi Mind Tricks Won’t Work for ISAs

    Lenders offering Income Share Agreements (ISAs) claim they have found the perfect loophole to sidestep federal law. They argue that ISAs are “not credit,” and therefore federal consumer financial laws don’t apply. These companies have bet their business on this assumption, accruing massive liability if they are wrong.

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  • Press Releases
    Jul 17, 2020

    Web of Predatory Schools and Finance Companies Drive Students to Take On Billions in High-Cost ‘Shadow’ Student Debt New Study Finds

    The SBPC released a new report exposing the web of predatory schools and financial services firms that drive students to take on billions in risky, high-cost “shadow” student debt.

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  • Reports
    Jul 17, 2020

    Shadow Student Debt Report

    This report examines the web of predatory schools and financial services firms that drive students to take on risky, high-cost shadow student debt.

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  • Blogs
    Jul 16, 2020

    SBPC Launching Income Share Agreement Conference and Paper Series: Using Consumer Law To Protect Student Loan Borrowers

    The SBPC is announcing an unprecedented exploration into the role that consumer protection laws play in safeguarding borrowers from the harms posed by ISAs. Over the next month, we will release a paper series, authored by legal experts at the forefront of consumer law, exploring how ISAs fit into existing consumer financial protection framework.

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  • Blogs
    Jul 14, 2020

    FAQs: Student Loan Repayment During COVID-19

    To help provide guidance, here are answers to some frequently asked borrower questions about managing student loans during the coronavirus pandemic and beyond.

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  • Blogs
    Jul 14, 2020

    Student Loan Law Initiative Research Grant Program

    The SLLI research program is an opportunity to explore the spillover effects of student debt on the economy and society by offering a closer look at the consequences of rising debt for those hardest hit by this crisis.

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  • News Clips
    Jun 29, 2020

    Student debt crisis creates a ‘vicious cycle’ of inequality in Black, Latino neighborhoods, report finds

    The report by the Student Borrower Protection Center, a consumer advocacy group, analyzed previous borrower data prepared by regional Federal Reserve banks and the city governments of New York City, Washington, D.C., Philadelphia and San Francisco and found a commonality that students in majority Black and Latino neighborhoods are more reliant on student loans and shoulder a greater debt burden.

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  • Reports
    Jun 29, 2020

    Disparate Debts: How Student Loans Drive Racial Inequality Across Cities

    This report examines alarming racial disparities in student debt burdens and borrower distress across American cities.

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  • Press Releases
    Jun 29, 2020

    New Report Finds Severe Racial Disparities for Student Loan Borrowers Across American Cities

    Alarming racial disparities in student debt burden and borrower distress exist across American cities, according to a new report issued today by the Student Borrower Protection Center.

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  • Investigations
    Jun 26, 2020

    Private Student Loan Collections

    The Student Borrower Protection Center and the Legal Aid Foundation of Los Angeles are collecting stories to shed light on the egregious, predatory practices used by collectors of private student loan debt to expose how these companies exploit the California court system to rip off borrowers.

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  • Blogs
    Jun 17, 2020

    Compounding Benefits of Loan Cancellation

    In the dire economy the nation now faces, forgiving anyone’s debt should help to counter economic contraction. And some more recent research suggests that differences in the marginal propensity to consume across different groups may be smaller than previously thought.

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  • Blogs
    Jun 15, 2020

    States are Leading the Fight to End the Student Debt Crisis

    The SBPC is proud to be part of a growing movement of advocates reaching from coast to coast — consumer groups, grassroots organizers, labor organizations, elected officials, law enforcement, and regulators — who have thoughtfully and tenaciously taken critical steps to stand up for the millions of Americans with student loan debt.

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  • News Clips
    Jun 11, 2020

    Ohio’s punitive student debt collection hurting thousands trying to advance their futures. It must end.

    The Ohio legislature has the chance to pass two common-sense bills that would provide a boost to Ohioans trying to pursue an education and strengthen our economy, especially now as we emerge from the coronavirus pandemic.

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  • Blogs
    Jun 11, 2020

    Student Loan Repayment During COVID

    Here borrowers will find resources that can help guide them on options related to their student loans during the pandemic.

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  • Blogs
    Jun 8, 2020

    Amid the Coronavirus, Struggling Private Student Loan Borrowers Pause Payments without a Path to Get on Track

    The private student loan market is extremely opaque and lacks many of the key reporting requirements present in other areas of consumer finance—in fact, some participants share critical information on borrower outcomes with only their most elite clients. However, indirect sources such as the disclosures from Student Loan Asset Backed Securities (“SLABS;” investment vehicles backed by student loans) point to a massive spike in borrowers recently becoming unable to make their payments.

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  • 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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  • Press Releases
    Jun 1, 2020

    Advocates File Complaint with Federal Trade Commission, Urge Enforcement Action Against Vemo Education for Its Deceptive Marketing of Income-Share Agreements to Students

    The National Consumer Law Center and the Student Borrower Protection Center filed a complaint with the Federal Trade Commission (FTC) urging it to investigate Vemo Education, Inc. (Vemo) for unfair and deceptive business practices under the Federal Trade Commission Act in the marketing and promotion of income-share agreements (ISAs) for students at certain universities.

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  • Lawsuits
    May 31, 2020

    SBPC and NCLC File FTC Complaint Against Vemo Education for Deceptive Marketing Practices

    In a complaint to the Federal Trade Commission, the Student Borrower Protection Center and the National Consumer Law Center urged the Federal Trade Commission to investigate Vemo Education, Inc. for unfair and deceptive business practices in its marketing and promotion of income share agreements (ISAs) for students.

    More

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