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FTC Sues, Gets TRO to Stop Student Loan Debt Relief Scam

Account Recovery

The Federal Trade Commission on Monday announced it had sued and obtained a temporary restraining order against a number of corporate and individual defendants accused of pretending to be affiliated with the Department of Education so that they could market student loan forgiveness programs that made false promises and collected millions in illegal (..)

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Student Loan Debt Relief Scammers Banned Under Settlement with FTC

Account Recovery

The Federal Trade Commission has reached a settlement with the a group of companies and the individuals behind them that were accused of violating the Telemarketing Sales Rule, the Gramm-Leach-Bliley Act, and the Federal Trade Commission Act by marketing student loan forgiveness programs that made false promises and collected millions in illegal upfront (..)

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FTC Bans Operators of Student Loan Debt Relief Scam

Account Recovery

The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week.

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Consumer Finances, Student Loans and Debt Repayment in 2023

True Accord

since 2020, while open trade lines decreased by 7.7% since 2020, while open trade lines decreased by 7.7%

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Can I Discharge a Private Student Loan in Bankruptcy?

Sawin & Shea

The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position.

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FTC Bans Payment Processor From Debt Relief After Involvement in Scam

Account Recovery

The Federal Trade Commission has permanently banned a payment processor from processing debt relief payments after it was accused of facilitating a student loan debt relief scheme while also requiring the company and its owner pay $500,000 that will be used to refund individuals who were duped by the scam.

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FTC Report Analyzes How Fraud and Scams Affect Communities of Color

Account Recovery

Debt collection, student loan debt relief, payday loans, and government impersonators are just a few of the categories highlighted in a Federal Trade Commission report that analyzes the regulator’s effort at addressing fraud and consumer issues that are affecting communities of color, which was released earlier this week.