Consumer

Student Loan Debt Relief Scam Operators Agree to be Permanently Banned from Industry, Turn Over Assets to Resolve FTC Charges

The operators of an alleged transnational student loan debt relief scam have agreed to be permanently banned from the debt relief industry and to turn over more than $ 1 million in assets to resolve Federal Trade Commission charges that the operation bilked millions out of struggling student loan borrowers.

“It is illegal for debt relief companies to make false promises and use fake reviews and testimonials to promote a business,” said Christopher Mufarrige, Director of the FTC’s Bureau of … Read the rest

Consumer

Student Loan Fraudsters Permanently Banned From Debt Relief Industry And Required to Turn Over All Assets as Result of FTC Action

As a result of a Federal Trade Commission lawsuit, a fraudulent student loan debt relief operation and its owners are permanently banned from the debt relief industry and required to turn over all assets to resolve allegations that they misled consumers.

“Consumers looking to pay off their student loan debt should not have to worry about being scammed,” said Christopher Mufarrige, Director of the FTC’s Bureau of Consumer Protection. “The FTC will continue to hold fraudsters that pocket Americans’ hard-earned … Read the rest

Civil Law

Red dye No. 3 now banned; consumer groups applaud FDA’s action

The Food and Drug Administration this week banned the use of Red Dye No. 3 in foods, meeting requirements of the 1960 Delaney Clause of the Food, Drug and Cosmetic Act.

The action comes after years of public requests for the FDA to take action against harmful chemicals added to foods. In 1990 the agency banned the use of Red No. 3 in cosmetics, but had not taken similar action for foods and drugs until this week.

“The FDA is amending … Read the rest