Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida

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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.

The FTC finalized a settlement agreement with. Counseling Center Corp., doing business as Student Debt Relief Group, with deceiving consumers struggling to pay student loans. The complaint alleges.

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A federal and state crackdown dubbed Operation Game of Loans has targeted companies – including two in Palm Beach County – accused of collecting more than $95 million in student debt-relief scams. “Winter is coming for debt relief scams that prey on hardworking Americans struggling to pay back their student loans,” said Maureen K. Ohlhausen, acting chairman of the Federal Trade Commission.

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.

The federal trade commission charged the operators of a phony student loan debt relief and credit repair scheme with bilking millions of dollars from consumers by falsely promising to reduce or.

Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida 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 FTC has obtained a settlement with an unlawful debt relief and credit repair operation for violating the FTC Act, the Telemarketing Sales Rule, and the Credit Repair Organizations Act after they allegedly bilked millions of dollars from consumers by falsely promising to reduce or eliminate their student loan debt and offering them non.