Today the Consumer Financial Protection Bureau (CFPB) requested that a federal district court enter a final judgment and order that would shut down a student debt relief scheme that charged borrowers millions of dollars in illegal upfront fees for federal student loan services. If approved by the court, the proposed judgment would ban the company, …
The Consumer Financial Protection Bureau (CFPB) has taken action against some student loan assistance companies that are selling programs to consumers saying they can offer great benefits to those with student loans. The CFPB went so far as to say they “took action to put an end to two student “debt relief” scams that illegally …
The National Consumer Law Center has just released their latest report. This one is all about student loan assistance programs. While I have been reporting about this new debt relief solution, the NCLC report goes into more detail. I was happy to see they referenced a number of the articles I’ve written in the footnotes. …
A tipster (send in your tips here) alerted me about a company called Student Loan Processing. Can the names get any more generic? The tipster (send in your tips here) said “They charge 1% of the debt amount” for student loan assistance. It is unclear from the information I was given if there were any …