The Federal Trade Commission is sending 22,817 checks totaling more than $2 million to borrowers who lost money to a student loan debt-relief scam that operated under the names Student Debt Doctor. Consumers who receive checks should cash them within 90 days, as indicated on the check. Recipients who have questions about their refund should … Read more
Macy Hanson – Crusader Macy Hanson, an attorney out of Mississippi appears to have risen to the level of a crusader against some student loan assistance companies. Once a situation escalates to the crusader level and it becomes personal, watch out. Or at the very least, watch the cases closely if you are a client … Read more
In January of 2020 the Consumer Financial Protection Bureau (CFPB) went after Chou Team Realty, Monster Loans, MonsterLoans, Lend Tech Loans, Docu Prep Center, DocuPrep Center, Certified Document Center, Document Preparation Services, Certified Doc Prep, Certified Doc Prep Services, Assure Direct Services, Direct Document Solutions, Secure Preparation Services, Docs Done Right, Bilal Abdelfattah, Belal Abdelfattah, … Read more
The Consumer Financial Protection Bureau (CFPB) today sued a student loan debt relief company, its owner, and manager for allegedly charging thousands of consumers more than $3.5 million in illegal upfront fees. The lawsuit filed in federal district court accuses California-based Student Loan Pro, Judith Noh, and Syed Gilani of violating the Telemarketing Sales Rule … Read more
American Financial Support Services was shutdown for bad acts by the Federal Trade Commission. They were raided as a result of student loan assistance services they were selling. The allegations made were disturbing but consumers appear to be getting kicked twice. The court-appointed receiver in the case just announced the following: “The Receiver’s office received … Read more
Back in May the Consumer Financial Protection Bureau (CFPB) entered a stipulated final judgment and order against Defendant Chou Team Realty, LLC, Defendants and Relief Defendants Thomas Chou and Sean Cowell, and Relief Defendants TDK Enterprises, LLC and Cre8labs, Inc., which resolved the Bureau’s claims against them. On July 7, 2020, the Court entered a … Read more
It appears Premier Student Loan Center has come to an agreement with the Consumer Financial Protection Bureau (CFPB) the State of North Carolina, and the State of California regarding the case brought against them for scamming consumers. This case ranks in the top of of most interesting raid reports. The companies that were the focus … Read more
The U.S. District Court for the Central District of California has ruled in favor of the Federal Trade Commission in a case against the operators of a student loan debt relief scheme. The defendants are banned from telemarketing or providing debt relief services. The court found that the operators, doing business as Federal Direct Group, … Read more
Equitable Acceptance has been or was a big player in the student loan assistance space. While it might not have been the intention of Equitable Acceptance to create an unfortunate situation of enabling less than stellar student loan relief companies to sell questionable services, sell the originated contracts to Equitable Acceptance, get paid a portion, … Read more
The Consumer Financial Protection Bureau (Bureau) today filed a complaint in the federal district court for the Central District of California against GST Factoring, Inc., which runs a student-loan debt-relief business in Texas, and two of its owners, Rick Graff and Gregory Trimarche, as well as Champion Marketing Solutions, LLC, a customer service and marketing … Read more
