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Pair Indicted for Running Student Loan Debt Settlement Scheme

Account Recovery

A pair of individuals have been indicted by a grand jury in Colorado for their role in running an alleged student loan debt settlement scam. Torres, 45, was the registered agent for Student … The post Pair Indicted for Running Student Loan Debt Settlement Scheme first appeared on AccountsRecovery.net.

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Minnesota AG Fines, Bans Student Loan Debt Settlement Company

Account Recovery

The Attorney General of Minnesota has obtained a settlement with a student loan debt relief company that illegally collected fees from individuals and misrepresented its services that will see the company pay the state more than $11,000 and cease operations in the state.

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Minn. AG Announces Investigation in 52 Student Loan Debt Relief Companies

Account Recovery

The Attorney General of Minnesota yesterday announced that he has opened investigations into 52 different student loan debt relief companies that are suspected of violating Minnesota law. The companies […]

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Minnesota AG Settles with Student Loan Debt Relief Company

Account Recovery

The Attorney General of Minnesota has reached a settlement with a student loan debt relief company that was accused of falsely promising student loan forgiveness which will see the company repay all the money it collected from customers in the state and cease operations in Minnesota until it registers as a debt settlement service provider.

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Supreme Court allows $6 billion student loan debt settlement

Collection Industry News

WASHINGTON — A settlement that will allow thousands of student loan debts to be canceled will go into effect after the Supreme Court on Thursday declined to block it. The Supreme Court in a brief order rejected a request made by colleges challenging the settlement.

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CFPB And FTC Continue To Take Action Against Debt Settlement Companies

Collection Industry News

According to the complaint, the defendants, a student loan debt relief business and a general debt-settlement company, along with their owner and CEO charged illegal upfront fees and deceived customers into paying for debt relief services in violation of the Consumer Financial Protection Act (CFPA) and Telemarking Sales Rule (TSR).

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CFPB Obtains Ban Against Debt Relief CEO Daniel Crenshaw

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing.