FTC Sends Checks to People Who Lost Money to SLAC Student Loan Debt Relief Scheme

The Federal Trade Commission is sending checks totaling more than $316,000 to 10,689 people who lost money to a student loan debt relief scheme. In a complaint first announced in March 2020, the FTC alleged SLAC (which also used the name Aspyre), Navloan, and Student Loan Assistance Center, and their owner, Adam Owens, falsely told … Read more

Student Loan Debt Relief Companies Agree to Settle FTC Charges They Falsely Promised to Lower or Eliminate Consumers’ Student Loans

Defendants allegedly charged illegal upfront fees and failed to disclose they paid consumers for positive BBB reviews Three California-based student loan debt relief companies and their owner have agreed to be permanently banned from the debt relief business in order to settle Federal Trade Commission charges that they falsely promised to lower or eliminate consumers’ … Read more