Black Borrowers

Reports

Dec 4, 2020

Combating Exploitative Education: Holding For-Profit Schools Accountable for Civil Rights Violations

This report from the SBPC and Relman Colfax attorneys Stephen Hayes and Andrea Lowe, calls for strengthening and deploying civil rights tools in order to combat predatory practices by for-profit schools.

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Blogs

Dec 4, 2020

Holding For-Profit Schools Accountable for Civil Rights Violations

The SBPC’s latest report: Combating Exploitative Education: Holding For-Profit Schools Accountable for Civil Rights Violations, argues how civil rights statutes and regulations must be strengthened and enforced to protect borrowers and hold for-profit schools accountable for their predatory practices towards communities of color and other student loan borrowers.

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Press Releases

Dec 1, 2020

NAACP Legal Defense and Educational Fund and Student Borrower Protection Center Announce Fair Lending Testing Agreement with Upstart Network

Agreement marks new standard for fair lending oversight in financial technology.

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Blogs

Nov 2, 2020

New Data Show Borrowers of Color and Low-Income Borrowers are Missing Out on Key Protections, Raising Significant Fair Lending Concerns

Our latest analysis finds racial and socioeconomic disparities in which borrowers are able to access one of the most critical protections available to all borrowers struggling with federal student loans: income-driven repayment.

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Reports

Oct 22, 2020

Race: Examining Legal Remedies for Disparate Student Debt Outcomes

This paper, written for the Consumer Finance Law Quarterly Report by SBPC Civil Rights Counsel Katherine Welbeck, examines the racial disparities that exist in the student loan market, explores the role of student loan servicing in varied borrower outcomes, and lays out the range of legal remedies available to hold companies accountable.

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Blogs

Oct 14, 2020

New Data Show Dramatic Disparities for Borrowers of Color with Private Student Loans

New data from the Federal Reserveâ€™s Survey of Consumer Finances show that distress continues to mount in the private student loan marketâ€”especially for borrowers of color.

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Press Releases

Aug 14, 2020

Civil Rights and Advocacy Groups Call on California Lawmakers to Pass the Student Borrower Bill of Rights

23 state and national civil rights and advocacy organizations sent letters to California Senate leadership, urging them to pass the Student Borrower Bill of Rights.

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Blogs

Aug 7, 2020

How Private Student Loans are Furthering Racial Disparities in the Student Loan Market

Despite industry assurances that the private student loan market is free from borrower distress, a closer examination of outcomes suggests that certain subsets of borrowers disproportionately struggle with private student debtâ€”namely, Black and Latinx borrowers.

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Blogs

Jul 31, 2020

Fintech Lenders’ Responses to Senate Probe Heighten Fears of Educational Redlining

The SBPC found that the companyâ€™s use of this data resulted in â€˜educational redlining,â€™ penalizing borrowers who attended minority-serving institutions. Upstartâ€™s practices highlight key problems related to the use of educational criteria in underwriting, federal fair lending laws, and equal credit access.

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Press Releases

Jul 30, 2020

NAACP Legal Defense and Education Fund and Student Borrower Protection Center Send Letter to Financial Technology Firm over Equal Credit Opportunity Act and Fair Housing Act Violations

The NAACP Legal Defense and Educational Fund, Inc. (LDF) and the SBPC sent a demand letter to financial technology firm Upstart explaining how the firmâ€™s algorithm likely violates the Equal Credit Opportunity Act and the Fair Housing Act.

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