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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 … Read more

Student Aid Institute – The Latest in the CFPB Crosshairs

The Consumer Financial Protection Bureau (CFPB) yesterday took action to halt a student loan debt relief scam that illegally tricked borrowers into paying fees for federal loan benefits and misrepresented to consumers that it was affiliated with the Department of Education. The CFPB is ordering the student debt relief company, Student Aid Institute, Inc., and … Read more