Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Student Borrower Protection Center Profile picture
Student Borrower Protection Center
@theSBPC
SBPC is a nonprofit organization fighting to protect people from predatory student lenders and end the student debt crisis. Media: press@protectborrowers.org
Jan 18, 2023 • 6 tweets • 4 min read
It would be a shame if someone reminded everyone of @WellsFargo’s stunning history of preying on students through discriminatory lending, hidden junk fees, & predatory lies.

Let’s begin 👇 Among the bank’s greatest hits (and no we do not mean Music Man, ifykyk):

In 2020, @WellsFargo settled a lawsuit that claimed it was discriminating against dreamers.

…Wells Fargo: #1 sponsor for not lending to undocumented students.

courthousenews.com/wells-fargo-se…
Sep 23, 2022 • 7 tweets • 5 min read
ICYMI: @SenateBanking held a hearing on New Consumer Financial Products and the Impacts to Workers. One key topic: Training Repayment Agreement Provisions (TRAPs) that trap workers in debt.

This is why this is so important. Thread➔ Employers are using Trainin... These contracts are called Training Repayment Agreement Provisions—TRAPs—and they are used to limit worker bargaining power & mobility.

Under a TRAP, if you receive any kind of job training, your boss can sue you if you leave your job before a certain date. TRAPs lock workers into low...
Sep 21, 2022 • 8 tweets • 5 min read
👏🎉Congress just passed the Joint Consolidation Loan Separation Act! FINALLY student loan borrowers who've been locked to spouses—even in the case of domestic abuse & divorce—are one step closer to being able to separate their loans and accessing debt relief they've been denied. Here's our press release on the matter: protectborrowers.org/advocates-appl… Screenshot of final tally o...
Sep 27, 2021 • 9 tweets • 5 min read
[NEW] Income-driven repayment was meant to help ALL federal student loan borrowers. But policies around how borrowers document their income to enroll in IDR block borrowers of color from it. It’s a clear civil rights issue.
Our new report by @joanna_staley
protectborrowers.org/driving-inequi… Three decades ago, Congress offered a lifeline to borrowers floundering under the growing burden of federal student loan debt: income-driven repayment. IDR sets borrowers’ payments based on their income, not their loan balance. IDR had three main goals: bit.ly/3oa6mzq
Dec 4, 2018 • 11 tweets • 3 min read
The most important thing happening in the student loan market is states stepping up to protect their borrowers. And the reason why is simple: they know that the student debt crisis isn't something in the horizon. It is here. Data from @NewYorkFed demonstrate what states are facing. Here are a few quick stats: