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

Supreme Court

Supreme Court temporarily bars latest Biden student debt relief plan

Supreme Court temporarily bars latest Biden student debt relief plan

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The Supreme Court on Wednesday temporarily barred the Biden administration from implementing one of its latest efforts to provide debt relief to Americans with student loans. In a brief unsigned order, the justices declined to allow the Department of Education to put into effect a July 2023 rule, known as the SAVE Plan, intended to provide debt relief for lower-income borrowers while challenges to the rule continue in the lower courts.

There were no dissents recorded from Wednesday’s order, … Read the rest