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  1. What We Do
  2. Predatory Lending & Private Credit
  3. Private Student Lending
  4. Bankruptcy Barriers

Bankruptcy Barriers


  • Letters & Memos
    Jul 15, 2025

    Letter to House Judiciary Subcommittee on the Administrative State, Regulatory Reform and Antitrust on “Bankruptcy Law: Overview and Legislative Reforms”

    This letter discusses the urgent need to reform our bankruptcy system and shine a spotlight on how our bankruptcy system…

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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…

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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)…

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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…

    More


  • Blogs
    Feb 10, 2025

    Elon and DOGE Are Attempting To Illegally “Delete” the CFPB, Here Is Why This Matters To Student Loan Borrowers

    Without the CFPB, financial predators will get free rein.

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  • Blogs
    Jan 22, 2025

    A Warning for the New Congress: Don’t Take a Neoliberal Turn on Student Borrower Protection

    Students and education access should not be at the mercy of risky credit markets.

    More


  • News Clips
    Oct 23, 2024

    How to File Bankruptcy on Student Loans

    More


  • Blogs
    Aug 7, 2024

    The Potential Fallout of 2U’s Bankruptcy: A Harsh Reality for Students

    2U, Inc.’s bankruptcy filing has broad implications for partnerships with third-party OPMs. Policymakers must ensure that educational quality is never compromised…

    More


  • News Clips
    Jul 26, 2024

    Long-embattled 2U declares bankruptcy

    More


  • Blogs
    Jul 25, 2024

    Mounting Evidence from State Watchdog Report Proves That, Yet Again, Public Universities Are Selling Out Students to For-Profit Companies

    Over the last few years, SBPC has been sounding the alarm on the risks of university partnerships with Online Program…

    More


  • Press Releases
    Jul 25, 2024

    “A Perverse Outcome”: Advocates Warn that 2U Bankruptcy Could Protect Executives at Students’ Expense

    2U’s bankruptcy comes as the company’s executives have taken a series of unsuccessful steps to shore up the failing firm.

    More


  • News Clips
    Jul 17, 2024

    IT Staffing Agency Traps Tech Workers in Their Jobs, Federal Suit AllegesLong-embattled 2U declares bankruptcy

    More


  • Blogs
    Feb 13, 2024

    Students Should Not Bear the Financial Burden when Corporate Greed Shatters the Online Higher Education Market

    Researchers offer path for the Biden Administration to address hardship posed by student debt.

    More


  • Blogs
    Jan 18, 2024

    President Biden’s Student Debt Relief “Plan B” Must Not Leave Millions of Borrowers in Hardship Behind

    Researchers offer path for the Biden Administration to address hardship posed by student debt.

    More


  • News Clips
    Oct 12, 2023

    Federal regulator investigating whether student-loan servicer is collecting on debt discharged in bankruptcy

    More


  • Press Releases
    Sep 19, 2023

    CFPB Rejects Effort by Disgraced Student Loan Company to Rob Borrowers of Bankruptcy Rights

    Newly released documents show Pennsylvania Higher Education Assistance Agency (PHEAA) sought to block federal inquiry into private student loan collection…

    More


  • Blogs
    Aug 17, 2023

    Cancellation Now: 8 Real Student Loan Borrowers Who Demonstrate Why We Can’t Wait 

    Tens of millions of student loan borrowers are painfully aware of the tumultuous nature of student debt news and the…

    More


  • Press Releases
    Jul 13, 2023

    States and Consumer Financial Protection Bureau Take Major Action to Hold the Predatory Bootcamp Prehired Accountable for Illegal Student Lending and Debt Collection Practices

    Action by eleven states and the CFPB follows groundbreaking SBPC investigation and seeks relief for defrauded students.

    More


  • Blogs
    Mar 23, 2023

    New Data Shows Guaranty Agencies Illegally Took and Failed to Refund Tens of Millions of Dollars From Borrowers After Already Getting Caught Breaking the Law

    SBPC has uncovered new evidence that GAs stole millions of dollars from borrowers and illicitly refused tens of millions of…

    More


  • News Clips
    Mar 16, 2023

    Student-loan companies illegally collecting on debt discharged in bankruptcy, consumer watchdog says

    “The CFPB has said very clearly now these loans are not collectable,” said Mike Pierce the executive director of the…

    More

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