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AFR Statement: DeVos Decision to stop working with the CFPB is a betrayal of students and a boon to bad actors
September 5, 2017 – 2:53 pm

The Department of Education’s decision to end information sharing with the Consumer Financial Protection Bureau (CFPB) is a betrayal of students and a boon to loan servicers with a history of preying on those students.

AFR Statement: AFR applauds automatic debt discharges at ACI, calls for further action
January 13, 2017 – 1:49 pm

Americans for Financial Reform (AFR) applauds the news that the Department of Education will grant automatic discharges to all former students of American Career Institute (ACI) in Massachusetts. Before being confirmed, any nominee for Secretary of the Department of Education must clearly articulate plans to rapidly pursue additional automatic group discharges, to ensure that all Americans are protected from future exploitation of taxpayer-backed loans by predatory schools.

AFR Statement: Final Borrower Defense to Repayment Regulations
October 28, 2016 – 12:29 pm

AFR welcomes the news that the Department of Education has finalized a rule that will prohibit the use of forced arbitration at schools. We hope that as the Department moves forward to procedural guidance and to enforcement that it does everything possible to ensure that no defrauded borrower be left buried in debt from a school that broke the law, betrayed its students, and cheated taxpayers.

AFR Statement: Education Department Must Immediately Cease Collections on Defrauded Corinthian Students, Cancel their Debts without Application
September 29, 2016 – 9:37 am

Americans for Financial Reform (AFR) is dismayed to learn that the Department of Education is still actively collecting on nearly 80,000 former Corinthian students. These actions run counter to the requests of AFR and a …

AFR Statement: Department of Education’s approach to relief to Corinthian students remains far too narrow
June 29, 2016 – 7:34 pm

“We continue to believe that the Department should be providing automatic group relief for wronged Corinthian students, rather than pursuing the application-based, piecemeal approach it has taken to discharges thus far.”

AFR in the News: Corinthian students may have a clearer path towards debt relief (Washington Post)
March 28, 2016 – 4:42 pm

“The pace of relief for wronged Corinthian students…remains far too slow, and its scope frustratingly narrow,” said Alexis Goldstein, senior policy analyst at the progressive Americans for Financial Reform. She pointed out that only students who took out loans after July 2010 are eligible for debt cancellation, which excludes borrowers with old bank-based federal student loans.

AFR in the News: Corinthian students may have a clearer path towards debt relief (Washington Post)
March 28, 2016 – 4:42 pm

“The pace of relief for wronged Corinthian students…remains far too slow, and its scope frustratingly narrow,” said Alexis Goldstein, senior policy analyst at the progressive Americans for Financial Reform. She pointed out that only students who took out loans after July 2010 are eligible for debt cancellation, which excludes borrowers with old bank-based federal student loans.

Letter to Regulators: AFR, 34 Orgs Press for Automatic Relief to Groups of Students Victimized by Predatory Practices
March 11, 2016 – 2:32 pm

“We are deeply concerned by the slow pace and small number of discharges that have been processed and that many of the Department’s proposals in the current negotiated rulemaking process move in the wrong direction, reducing eligibility for relief, pitting students against schools, and creating unnecessary burdens on students and the Department.”