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.

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

A search of the Florida Department of State records could not locate a company named The Credit & Banking Law Group. ban the 11 defendants from selling any mortgage assistance relief products. The.

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The Federal Trade Commission charged the operators of a phony student loan debt relief and credit repair scheme with bilking millions of dollars from consumers by falsely promising to reduce or.

The settlements stem from an FTC-led enforcement sweep announced last year The defendants in two student loan debt relief cases have agreed to settle Federal Trade Commission claims that they charged consumers illegal upfront fees and falsely promised to help reduce or forgive student loan debt burdens.

The leader of a student loan debt relief scheme has agreed to settle with the Federal Trade Commission’s (FTC’s) charges that he stole $11 million from consumers. According to the FTC’s.

The FTC also alleged that the defendants charged consumers illegal upfront fees of $300 or more for these purported debt relief services. At the request of the FTC, a federal court temporarily halted the scheme and froze its assets .

Here are the details of the FTC action against US Mortgage Funding, Debt Remedy. a common scheme to deceive consumers.” The FTC action alleges that since at least 2009 there has been an effort to.

The Federal Trade Commission has charged a student loan debt relief. settlement of a Federal trade commission lawsuit alleging that they misled prospective students with ads that touted high.

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In a debt-relief scheme. the three defendants, the complaint says. According to the FTC and Florida attorney general’s complaint, these are the basics: The defendants made their money by promising.

But it probably doesn’t feel like that over in Irvine, California where DebtPro123 is located. According to the FTC, who accuses the company and their affiliates of selling bogus debt relief..