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Refunds Sent to Students Deceived by Student Advocates’ Debt Relief Scam

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 …

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Frank Gebase Jr and Student Loan Assistance Company Took Money Out of Bank Accounts

Frank Gebase Jr and Student Loan Assistance Company Took Money Out of Bank Accounts

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 …

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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 …

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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 …

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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 …

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