Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida

They’re targeting borrowers with phony student loan debt relief schemes that can make things worse. Today the FTC and the State of Florida announced lawsuits against two student loan debt relief schemes – Consumer Assistance Project and student aid center. The FTC also announced a settlement in a case we wrote about earlier this year.

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Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business. The stipulated final order announced today resolves charges the FTC and the State of Florida brought in April 2016, against Chastity Valdes [.]

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To help make consumers aware of fraudulent debt relief services, the FTC offers advice about student loan debt relief, in English and Spanish, and the latest in a series of graphic novels about scams targeting Latino communities – Maria and Rafael Learn the Signs of a Debt Relief Scam.

Benjamin R. Horton is banned from the debt relief business under a settlement with the Federal Trade Commission for his role in a mortgage relief scheme that falsely promised financially distressed homeowners foreclosure prevention and more affordable mortgage payments.

Three student debt relief companies were banned from the industry for falsely promising they could eliminate student loan debt and for posing as consumers. Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida

Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business.

 · BUFFALO, N.Y. (AP) – Two Upstate New York debt collectors are banned from the business and expected to pay millions of dollars to settle allegations.. FTC Stops Student Loan Debt Relief Scheme. 7 ways to handle a debt collection lawsuit.. a former defendant in a suit brought by Methodist Hospital, testifies during ser. https://t.co.

Student Loan Debt Relief Scheme The defendants in two student loan debt relief cases agree to settle federal trade commission claims against them. The FTC illustrates the defendants charge consumers illegal upfront fees and falsely promise to help reduce or forgive student loans. According to the complaint, the individual defendant Dave Green and his companies prey [.]

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