Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business. The stipulated final order announced today resolves charges the FTC and the State of Florida brought in
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The Federal Trade Commission (FTC) charged the operators of two similar student loan debt relief schemes, and a financing company that assisted them, with bilking millions of dollars from consumers.
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Student Loan Debt Relief Scheme. The defendants in two student loan debt relief cases agree to settle Federal trade commission claims against them. The FTC illustrates the defendants charge consumers illegal upfront fees and falsely promise to help reduce or forgive student loans. According to the complaint, the individual defendant Dave Green.
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Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business. Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida | Federal Trade Commission
Under the settlement order, the defendants are banned from debt relief and telemarketing activities and from making misrepresentations or unsubstantiated claims related to financial or other products or services.
· This article by Steve Rhode first appeared on Get Out of Debt Guy and was distributed by the Personal Financeon January 24, Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida.
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The operators of two Florida-based student loan debt relief schemes are banned from the debt relief business as part of agreements settling Federal Trade Commission allegations that they collected illegal upfront fees and falsely promised to help some consumers enroll in government programs that would reduce or forgive their student loan debt, according to a news release from the FTC.
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