The Consumer Financial Protection Bureau just published their annual report on student loans. Some of the data jumped out at me. Fun Facts Students who take out college loans but don’t graduate are three times more likely to default than borrowers who complete. The average amount of recent defaults, as of March 31, 2020, is …
Brandon Frere is either the unluckiest debt relief executive or the first of a trend of debt relief company executives hit with criminal charges. Brandon was the guy behind American Financial Benefits Center (AFBC). Like other companies, AFBC first appeared on this site as a result of consumers sending in their junk mail to me. …
Brandon Frere seems to be nearing the end of his legal issues with both the FTC and U.S. Attorney. A recent court filing in the American Financial Benefits Center case said, “As the Court is aware, on December 20, 2019, Defendant Brandon Frere entered a plea of guilty to one count each of wire fraud …
American Financial Benefits Center (AFBC) was sued by the Federal Trade Commission. Company head honcho Brandon Frere objected to case filed in February 2018. In the original action, the FTC said they had “charged a student loan debt relief operation with bilking more than $28 million from thousands of consumers throughout the country by falsely …
Consumer Statement: I signed up for AFBC to help with student loans. They did not help me to get lower payments and they have paid nothing toward my student loans. Now I can not get in contact with them. Consumer Action Taken: have emailed in the past and they kept telling me I didn’t send …
In the Federal Trade Commission (FTC) and State of Ohio suit against a payment processor that was taking care of payments made to two student loan assistance companies, interesting additional details have emerged. My post on the shuttering of companies can be found here. The point of the spear here looks like a company named …
The alleged schemes took millions of dollars from financially distressed consumers At the request of the Federal Trade Commission and the State of Ohio, a federal court in El Paso, Texas shut down two schemes that allegedly bilked millions of dollars from consumers struggling with credit card debt. The court issued temporary restraining orders against …
Brandon Frere who is the honcho behind American Financial Benefits Center and a subject of the action by the Federal Strade Commission against the student loan debt relief companies, has won a victory of sorts. Good News I received an alert that the court has awarded him a nine-month stay in the proceedings against him …
Brandon Frere had his day in court where his attorney was able to spring him from jail on $3 million in bail. Frere is implicated in a student loan assistance scheme by the FTC that allegedly acted illegally and took about $30 million from consumers. According to the legal team representing Brandon Frere, his transfer …
Student loan assistance company executive Brandon Frere, 41, was arrested and faces a maximum prison term of 20 years in jail. An FBI Special Agent has stated in unsealed documents that Frere, the honcho of American Financial Benefits Center, a student loan assistance company sued by the Federal Trade Commission (FTC) was arrested just prior …
