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

On May 31, the Federal Trade commission (ftc) announced that it settled claims against a student loan debt relief company as part of a coordinated federal-state enforcement initiative to target.

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Represented student loan debt relief defendants in a Federal Trade Commission lawsuit prosecuting what the FTC described as deceptive acts or practices in violation of Section 5 of the FTC Act, in connection with the marketing and sale of document preparation services.

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On July 11, 2019, the Federal Trade Commission (FTC) announced that it had obtained a temporary restraining order against defendants operating an alleged student loan debt relief scheme that, according to the FTC, tricked thousands of consumers by making false claims that it would service and pay down their student.

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The FTC charged that the Los Angeles-based operation took millions from consumers through unlawful student loan debt relief and mortgage assistance relief schemes. According to the complaint, the defendants falsely claimed to be from the Department of Education , and promised to reduce borrowers’ monthly payments or forgive their loans.

FTC Disconnects Pointbreak Media Robocall Scheme Defendants;. Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida.

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The FTC has filed a lawsuit in a California federal district court against three interrelated student loan debt relief companies and the individual who is their majority owner for alleged violations of Section 5 of the FTC Act and the Telemarketing Sales Rule (TSR). The TSR implements the Telemarketing and Consumer Fraud and Abuse Act.

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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.