The Federal Trade Commission is sending 14,521 checks totaling more than $822,000 to borrowers who lost money to a student loan debt-relief scheme that operated under the name Student Advocates. Consumers who receive checks should cash them within 90 days, as indicated on the check. Recipients who have questions about their refund should call the …
Question: Dear Steve, Hello, my wife signed up with My Education Solutions to try to reduce her federal student loans but canceled the service after seeing this legal action against them in the news. She had requested a refund of fees but never received anything back. Do you have any updates on what’s happening with …
The Consumer Financial Protection Bureau (CFPB) took action against the owner of a student-loan debt relief company for allegedly withdrawing hundreds of thousands of dollars from student borrowers’ bank accounts, without authorization. The CFPB alleges that Frank Gebase, Jr. controlled a company that took the borrowers’ money after obtaining their names and account information from …
In the CFPB case against Consumer Advocacy Center, Premier Student Loan Center, and others, Sarah Kim has settled. Here is the backstory from court documents: “Plaintiffs the Bureau of Consumer Financial Protection (Bureau), the State of Minnesota, the State of North Carolina, and the People of the State of California (collectively, Plaintiffs) commenced this civil …
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 …
It looks as if the end of the road has been reached for Consumer Advocacy Center and the associated entities: Premier Student Loan Center, True Count Staffing, SL Account Management, Prime Consulting, Financial Preparation Services, TAS 2019, Trusted Account Services, Horizon Consultants, First Priority, Priority Account Management, Albert Kim, Kaine Wen, Kaine Wen 2017 Trust, …
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? …
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 …
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 …
Question: Dear Steve, I have had been a part of USA Student Loans for about 6 years and I have had recertification of Student loans every however today I cannot reach them. Can you give me another number to reach them? Ike Are they still in business? Answer: Dear Ike, If you are talking about …