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America's students are facing a serious threat from subprime private loans, and the situation could worsen unless Congress votes to close a potential loophole in the proposed Consumer Financial Protection Agency.

Policy Briefs
U.S. PIRG
Strong Consumer Financial Protection Agency Needed to Regulate Education Loan Products
Press release/statement
The auto dealer-loan industry's exemption from CFPA oversight leaves families vulnerable to widespread financial abuse.
Press release/statement
4 Million Middle Class Families Saw Economic Decline from 2000-2006; 23 Million Economically Insecure
Press release/statement

Background on one of the landmark pieces of financial reform legislation associated with Franklin Roosevelt’s New Deal.

Research
James Lardner

Comprehensive and meaningful systemic risk reform must undo many of the ill-advised deregulatory measuresof the past 20 years, including the four key changes wrought by the Gramm-Leach-Bliley Act.

Policy Briefs
Nomi Prins
Heather C. McGhee
Washington, DC — Today, thousands of Americans are gathering on the streets of Chicago to march against financial service industry excess that has cost the American taxpayers trillions of dollars, destabilized the economy and undermined the stability of millions of US households. In response to the
Press release/statement
New York, NY — A growing number of young students are turning to more affordable community colleges for their higher education, but only an alarming two out of five finish a degree within six years of enrollment, according to a new report published today.
Press release/statement

To increase postsecondary success among low- to moderate-income students, we must reform financial aid and provide additional financial supports to help students cover the cost of living expenses.

Research
Viany Orozco
Nancy K. Cauthen
Findings Show Skyrocketing Costs, Dwindling Savings, Stagnant Wages and Medical Debt Major Factors New York, NY — As the recession continues to squeeze financially vulnerable American households, they are turning to credit cards to make ends meet, according to "The Plastic Safety Net: How Households
Press release/statement