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  1. What We Do
  2. State & Local Projects
  3. State Regulatory Advocacy

State Regulatory Advocacy

State financial regulators oversee the practices of firms that lend, service, and collect on debt owed by families across the country.

State financial regulators can be families’ best defense when financial companies make predatory loans or engage in sloppy servicing or abusive debt collection. State financial regulators license and supervise financial companies, and some can bring lawsuits to win justice for borrowers harmed by unlawful industry conduct. These agencies may also write the rules that govern how financial firms participate in the economy, including guardrails that protect families from mismanagement and abuse.

What We’re Doing

We work to help state financial regulators defend families from financial firms’ abuses—passing new laws to empower these agencies, building cases against firms that break these laws, providing technical assistance as agencies write rules to protect borrowers, and educating states about emerging issues and schemes. See below to learn more about our work to strengthen state oversight across the economy.

Latest Work


  • Reports
    May 21, 2020

    Federalism to the Rescue

    Today, the Student Borrower Protection Center released new research developed as part of its Student Loan Justice Fellowship Program to help answer this question. The report, written by SBPC fellow Brian Shearer, builds a case for how states can oversee the nonbank companies at the center of the $1.6 trillion student loan market. The report also offers a path forward for states to oversee other critical nonbank financial institutions that play large roles…

    More


  • News Clips
    Dec 7, 2019

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

    More


  • 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

    More


  • Testimony & Remarks
    Mar 27, 2019

    Testimony Before the California Assembly Committee on Banking and Finance

    Seth Frotman’s testimony at the California Assembly hearing, The Consumer Financial Protection Bureau: An Examination of the CFPB under the current Federal Administration and Options for California to Protect its Consumers.

    More

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