The Consumer Financial Protection Bureau yesterday announced the completion of an enforcement order against a pair of payment processing companies that worked with debt relief organizations — as well as the owners of the companies — ordering the defendants to pay $11 million in restitution to consumers and fines. The …
Read More »Debt Relief Scammers Banned From Industry, to Pay $425k in Penalties
The operators of a debt relief scam have agreed to a permanent ban from the industry and will pay $425,000 out of a $5.3 million fine as part of a settlement that was announced by the Federal Trade Commission and the Attorney General of Florida. The FTC and Florida AG …
Read More »CFPB Fines Debt Relief Company $150k For Scamming $30M From Consumers
The Consumer Financial Protection Bureau and the Attorney General of Georgia yesterday announced a consent order with a debt relief and credit repair company and its owners that were accused of deceiving consumers into hiring the company to lower or eliminate credit card debt and improve the consumers’ credit scores. …
Read More »FTC Bans Operators of Student Loan Debt Relief Scam
The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week. One of the defendants will also make a monetary payment of $11,500 as part of an overall judgment against …
Read More »Minnesota AG Settles with Student Loan Debt Relief Company
The Attorney General of Minnesota has reached a settlement with a student loan debt relief company that was accused of falsely promising student loan forgiveness which will see the company repay all the money it collected from customers in the state and cease operations in Minnesota until it registers as …
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