What Sallie Mae Just Told the SEC About a ‘Refinance’ That Is Actually a Default Trap
Sallie Mae told the SEC that some ‘refinance’ pitches are really pushing able-to-pay borrowers into default. Here’s the filing and what to do instead.
Sallie Mae told the SEC that some ‘refinance’ pitches are really pushing able-to-pay borrowers into default. Here’s the filing and what to do instead.
Quick Answer: Rhode Island’s Attorney General filed a lawsuit against Michael Moccia and Palisade Legal Group for operating unlicensed debt-management services while disguising their business as a law firm. The lawsuit alleges they charged illegal excessive fees and damaged consumers’ credit scores, seeking refunds for affected Rhode Island consumers.Attorney General Peter F. Neronha announced today …