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