The Federal Trade Commission has stopped a student loan debt relief scheme, alleging it bilked more than $23 million from thousands of consumers with false claims that it would service and pay down their student loans. After the FTC filed a complaint seeking to end the deceptive practices, a federal court temporarily halted the scheme …
NerdWallet has published a list of 130+ student loan assistance companies that they say consumers should be wary of. They say “This Watch List names companies that charge for fraudulent or questionable debt relief services.” Companies that made the list have been investigated, penalized, or sued by state or federal authorities. The companies they list …
Attorney General Josh Stein today announced that he has resolved a lawsuit against Student Loan Group, a student loan debt relief scam. Student Loan Group claimed it could reduce a borrower’s student loan debt but instead illegally charged large upfront fees and failed to perform expert services. “Thanks to this action, Student Loan Group will …