Student Loans

DFPI Takes Action Against Student Loan Debt Relief Company, Launches Broader Investigation

The California Department of Financial Protection and Innovation has announced an investigation into student loan debt relief companies while also announcing its first enforcement action, against a company accused of taking money from individuals while misrepresenting that it could have their student loans dismissed. The enforcement action against Optima Associates …

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Calls to Cancel Student Loan Debt Strengthen

There is growing sentiment within Congress, the Biden administration, and the general public for some or all of existing student loan debt to be wiped out, according to a published report and the results of a recently released poll. Nearly two-thirds of respondents to a poll indicated they were in …

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Pa. AG Bans Student Loan Debt Relief Company

The Attorney General of Pennsylvania has stopped a company offering student loan debt relief services from operating in the state, forced it to repay $74,000 to individuals who were scammed, and pay a $50,000 fine as part of an announced settlement. The settlement, which was in the form of an …

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