Student Loan Assistance and Debt Settlement CEO Banned

Scam Cash

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing. Performance SLC unlawfully collected upfront payments from borrowers … Read more

How Can My Friend Determine if He Had Been Scammed By Student Loan Movement?

How Can My Friend Determine if He Had Been Scammed By Student Loan Movement?

Question: Dear Steve, I believe a friend may be a victim of a student loan consolidation scam. You responded to my question, asking if he was being charged a service fee. We do not know. This is what he gets monthly. How can a friend determine if he has been scammed by Student Loan Movement? … Read more

Student Loan Assistance Programs Have Case Dismissed

Cases tossed out against Benjamin Zuckerman, Berger Singerman, Chantel L. Grant, GM Law Firm, Gregory Fishman, Julie Queler, Kevin Mason, National Legal Staffing Support. The cases involving the student loan assistance companies above were dismissed by the Court ending a previous flurry of suits attempting to recover money for consumers. The reason why it appears … Read more

Student Loan Assistance Employees Facing up to Five Years of Jail

The Department of Education has just announced a new policy that subjects third parties to up to “criminal penalties that include a fine of not more than $20,000, imprisonment for not more than five years, or both, beginning one day after the date of publication of this notice.” It does appear that nonprofits get a … Read more

California Cracks Down on Illegal Student Loan Debt Relief Companies

The California Department of Financial Protection and Innovation (DFPI) announced it is requiring a Tustin-based student loan debt-relief company, Amerifed Doc Prep LLC, to pay penalties and refunds totaling more than $1.37 million after finding the company violated the California Consumer Financial Protection Law (CCFPL) by collecting illegal advance fees prohibited under the federal Telemarketing … Read more

Multiple Student Loan Debt Relief Entitles Settle With FTC

The operators of a student loan debt relief scheme are banned from providing debt relief services and have agreed to settle Federal Trade Commission charges that they collected illegal upfront fees and falsely promised to lower or even eliminate consumers’ loan payments or balances. In its 2019 complaint, the FTC alleged that Student Advocates Team … Read more

The Quiet End of Equitable Acceptance Funding Student Loan Assistance

Yesterday the Court granted preliminary approval of a class action settlement against Defendants Equitable Acceptance Corporation and Jeffrey Henn. In the settlement agreement Equitable Acceptance will cease collection on all student loan assistance credit plans, is prohibited from selling and issuing Credit Plans in the future, and will credit bureaus to delete the Credit Plan … Read more