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FTC Sends More than $1 Million in Refunds to Victims of Student Loan Debt Relief Scam

The Federal Trade Commission is mailing checks totaling more than $1 million to individuals who lost money to a student loan debt relief scam. American Student Loan Consolidators and BBND Marketing, which did business under other names including United Processing Center, settled FTC allegations that the companies’ operators pretended to be affiliated with the U.S. … Read more

Student Debt Doctor and American Student Loan Consolidators – Banned

The operators of two Florida-based student loan debt relief schemes are banned from the debt relief business as part of agreements settling Federal Trade Commission allegations that they collected illegal upfront fees and falsely promised to help some consumers enroll in government programs that would reduce or forgive their student loan debt. The settlements with … Read more

FTC Details on Student Loan Assistance Companies Sweeps and Raids

The Federal Trade Commission, along with 11 states and the District of Columbia, today announced “Operation Game of Loans,” the first coordinated federal-state law enforcement initiative targeting deceptive student loan debt relief scams. This nationwide crackdown encompasses 36 actions by the FTC and state attorneys general against scammers alleged to have used deception and false … Read more

CT Updates Their List of Debt Relief Companies in the Crosshairs

The Connecticut Department of Banking has just updated they page with new recently actions against debt relief companies. This crop includes United Processing Center, 1st American Debt Solutions, Legal Settlement Solutions, and The Consumer Law Group. United Processing Center WHEREAS, on April 27, 2012, the Notice was sent by certified mail, return receipt requested, to … Read more

Connecticut Goes After More Debt Relief Companies

New administrative actions have just been made public against more debt relief companies. Connecticut does not mess around. The new entires made public include: Alliance Mitigation Group The company did not respond to administrative notices sent by the Consumer Credit Division of the Department of Banking. The company was hit with $11,795 in fines and … Read more