DCWP Op-Eds and Blog Posts
Read op-ed via amNY, "When it comes to navigating public service loan forgiveness, even an NYC Commissioner needs a financial counselor" By Vilda Vera Mayuga, Department of Consumer and Worker Protection Commissioner (06/14/23)
Read blog post via Medium, "Black Borrower’s Blueprint to Reducing Student Loan Debt" By Melissa Barosy, former Press Secretary for the NYC Department of Consumer and Worker Protection (02/24/21)
Read blog post via Medium, "Be Real about Student Loans: 5 Tips Every New Graduate Needs" By Amelia Josephson, Office of Financial Empowerment at the NYC Department of Consumer and Worker Protection (05/20/19)
Read op-ed via The Hill, "Is student loan debt the next financial crisis?" By Lorelei Salas, Commissioner of the NYC Department of Consumer Affairs (04/02/18)
Read blog post via Medium, "Three Unexpected Ways Defaulting on Your Student Loans Impacts Your Long-Term Credit" By Lorelei Salas, Commissioner of the NYC Department of Consumer Affairs (04/25/18)
2024 Press Releases
CFPB Takes Action Against Western Benefits for Swindling Student Loan Borrowers (05/20/24)
FTC Action Leads to Industry Ban for Ringleader of Student Loan Debt Relief Scam (04/16/24)
CFPB to distribute more than $10.9 million to consumers harmed by student loan debt-relief business (02/15/24)
Biden-Harris Administration Announces Additional $4.9 Billion in Approved Student Debt Relief (01/19/24)
Millions of Student Loan Borrowers Are Trapped in Long-Term Defaults (01/17/24)
Biden-Harris Administration to Shorten Path to Debt Cancellation for Some SAVE Borrowers (01/11/24)
CFPB Report Identifies Challenges Faced by Borrowers in Resumption of Student Loan Payments (01/05/24)
2023 Press Releases
CFPB Report Finds Many College-Sponsored Financial Products Charge High and Unusual Fees (12/19/23)
Biden-Harris Administration Announces Nearly $5 Billion in Additional Student Debt Relief (12/06/23)
Biden-Harris Administration Prepares for Third Student Debt Relief Negotiation Session (12/04/23)
Biden-Harris Administration Announces Nearly 5.5 Million Borrowers Are Enrolled in the SAVE Plan (11/08/23)
Biden-Harris Administration Continues Efforts to Provide Debt Relief for More Student Loan Borrowers (10/30/23)
Biden-Harris Administration Announces an Additional $9 Billion in Student Debt Relief (10/04/23)
CFPB Report Finds College Tuition Payment Plans Can Put Student Borrowers at Risk (09/14/23)
100 Groups Join “SAVE on Student Debt” Outreach Campaign, Reaching More Than 18 Million Americans (09/12/23)
FTC Stops Scammers Charged with Preying on Students Seeking Debt Relief (08/21/23)
FTC Sends More than $3.3 Million to Consumers Harmed by Student Loan Debt Relief Scam (06/14/23)
FTC Stops Student Loan Debt Relief Schemes that it Says Bilked Students Out of Millions (05/08/23)
CFPB Heightens Scrutiny of Unlawful Collection of Payments on Discharged Student Loans (03/16/23)
CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, and Student and Auto Loans (03/08/23)
Secretary Cardona Statement Following Supreme Court Oral Arguments (02/28/23)
FTC Finalizes Order with Ed Tech Provider Chegg for Lax Security that Exposed Student Data (01/27/23)
Statement by Secretary Cardona in Response to Filing of Student Debt Relief Amicus Briefs (01/11/23)
2022 Press Releases
FACT SHEET: President Biden Announces Student Loan Relief for Borrowers Who Need It Most (08/24/22)
Federal Trade Commission Sends More than $2 Million to Students Harmed by Debt Relief Scam (06/22/22)
CFPB Seeks Ban Against Operator of Student Loan Debt Relief Scam Reboot (06/09/22)
CFPB Orders Scam’s Ringleaders to Pay More Than $8 Million to Consumers and Student Loan Borrowers (05/11/22)
Attorney General James Calls for Full Cancelation of Federal Student Loan Debt (05/04/22)
CFPB Obtains Ban Against Debt Relief CEO Daniel Crenshaw (04/29/22)
Department of Education Announces Actions to Fix Longstanding Failures in the Student Loan Programs (04/19/22)
Statement by President Biden Extending the Pause on Student Loan Repayment Through August 31st, 2022 (04/06/22)
CFPB Sanctions Edfinancial for Lying about Student Loan Cancellation (03/30/22)
Mayor Adams Delivers $20 Million in Debt Relief to Former Berkeley College Students (03/02/22)
Remaining Defendants Banned from Providing Student Loan Debt Relief Services in Settlements with FTC (01/26/22)
Consumer Financial Protection Bureau to Examine Colleges’ In-House Lending Practices (01/20/22)
Attorney General James Secures $1.85 Billion From Deceptive Student Loan Servicer Navient (01/13/22)
2018 - 2021 Press Releases
Statement by President Joe Biden Extending the Pause on Student Loan Repayment an Additional 90 Days (12/22/21)
Student Loans Negatively Affect Life Decisions for Half of New York City Borrowers (12/17/21)
U.S. Department of Education to Establish an Enforcement Office Within Federal Student Aid (10/08/21)
Fact Sheet: Public Service Loan Forgiveness (PSLF) Program Overhaul (10/06/21)
FTC Targets False Claims by For-Profit Colleges (10/06/21)
FTC Charges Two Florida-based Companies with Helping Student Debt Relief Scammers (07/12/21)
FTC Sends Checks to People Who Lost Money to Student Loan Debt Relief Scheme (06/25/21)
FTC Sends Refunds to People who Lost Money to Student Loan, Mortgage Debt Relief Scheme (06/24/21)
FTC Sending More than $147,000 in Refunds to People Affected by Student Loan Debt Relief Scam (05/19/21)
FTC Sends More than $273,500 in Refunds to People Who Lost Money to Student Loan Debt Relief Scheme (05/05/21)
FTC Sends Nearly $50 Million in Refunds to University of Phoenix Students (03/24/21)
Student Loan Debt Relief Scammer Brandon Frere Agrees to Settle FTC Charges (11/19/20)
Operators of Student Debt Relief Scheme Agree to Pay at Least $835,000 to Settle FTC Allegations (09/09/20)
Court Rules in FTC’s Favor Against Student Debt Relief Scammers (07/20/20)
FTC Sends More than $1 Million in Refunds to Victims of Student Loan Debt Relief Scam (07/09/20)
FTC Returns More than $3.1 Million to Victims of Student Loan Debt Relief and Credit Repair Scheme (03/26/20)
Three Defendants in Student Debt Relief Scheme Banned from Selling Debt Relief and Telemarketing (03/10/20)
FTC Stops Student Loan Debt Relief Scheme that Allegedly Bilked Consumers out of Millions (11/12/19)
FTC Sends More Than $5.4 Million to People Who Paid for Worthless Student Loan Debt Relief (09/20/19)
FTC Names Additional Defendant in Student Loan Debt Relief Case (09/03/19)
Additional Defendants in Student Debt Relief Schemes Agree to Settle FTC Charges (07/31/19)
FTC Stops Student Loan Debt Relief Scheme, Charges Operators with Misleading Consumers (07/11/19)
Ringleader of Student Loan Debt Relief Scheme Liable for $11 Million in Settlement of FTC Charges (05/30/19)
FTC Seeks to Add New Defendants in Student Debt Relief Case (02/07/19)
#TalkStudentLoans with DCWP
In New York City, around 15 percent of adults have a student loan. That’s a million people. Across the country, there are roughly 44 million people with student loan debt. So whether you’re a prospective, current, or former student loan borrower, share your loan experience on social media using #TalkStudentLoans and tag us @helloDCWP (Twitter, Facebook, Instagram). Together, we can amplify the message that student loans are REAL debt so that every New Yorker knows their rights and responsibilities and national policymakers step up to help and protect borrowers.
This page was updated on 05/2024.