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FTC Sends More than $3.3 Million to Consumers Harmed by Student Loan Debt Relief Scam June 14, 2023. FTC Sends More Than $557,000 to Consumers Harmed by Credit Card Interest Rate Reduction Scam May 22, 2023. FTC Stops Student Loan Debt Relief Schemes that it Says Bilked Students Out of Millions May 8, 2023. FTC Lawsuit Leads to Permanent Ban ...
Generally speaking, debt relief is any program or service that offers to change the terms of a debt between a person and one or more creditors or debt collectors, including a reduction of the loan balance, interest rate, or fees owed. Companies may offer relief from different kinds of debt, including home mortgages (often called Mortgage ...
As a result of a Federal Trade Commission lawsuit, the operators of an alleged credit card debt relief scheme based in Tennessee have agreed to court orders that would permanently ban them from telemarketing and selling debt relief products or services.
Panda Benefit Services, LLC., FTC v. In June 2024, the Federal Trade Commission announced that it took action to stop Prosperity Benefit Services, a student loan debt relief scheme that the agency says bilked more than $20.3 million from consumers seeking debt relief by pretending to be affiliated with the Department of Education.
A federal court has issued an order banning the operators of the Home Matters USA mortgage relief scam from the telemarketing and debt relief businesses and requiring them to turn over $19 million as a result of a lawsuit by the Federal Trade Commission and the California Department of Financial Protection and Innovation (DFPI).
The Federal Trade Commission is sending more than $4.1 million in refunds to people who lost money to student loan debt relief scammers who lured consumers with fake loan forgiveness claims and poc FTC Sends More Than $4.1 Million in Refunds to People Who Lost Money to Student Loan Debt Relief Scheme | Federal Trade Commission
The ringleader of a student loan debt relief scam will be permanently banned from the debt relief industry and is required to turn over assets as part of a settlement with the Federal Trade Commission. The settlement with Marco Manzi resolves FTC charges involving the student loan debt relief scheme. The FTC charged that Manzi, Ivan Esquivel ...
In 2020, FTC actions led to more than $483 million in refunds to consumers across the country, but recently the United States Supreme Court ruled the FTC lacks authority under Section 13(b) to seek monetary relief in federal court going forward.
Banned Debt Collectors. The companies and people listed below are banned, by federal court orders, from participating in the business of debt collection. Click “View case” for information about the lawsuit that resulted in the ban, including press releases and links to the legal complaints. Click “View order” to see the federal court ...
The operators of an alleged credit card interest rate reduction scam will be permanently banned from the debt relief industry as part of court orders resolving charges by the Federal Trade Commission and the Florida Office of the Attorney General.