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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 ...
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 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 ...
For free help with federal loans, visit StudentAid.gov. For private loans, contact your loan company directly. And remember that no company can promise you fast loan forgiveness. Finally, protect your FSA ID. Don't give it out to anyone for any reason. If you spot a debt relief scam, we want to hear about it. Report it to us at FTC.gov/complaint.
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 tel FTC Lawsuit Leads to Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam | Federal Trade Commission
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 ...
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.
The Federal Trade Commission is sending payments totaling more than $3.3 million to consumers who were harmed by Arete Financial Group, a student loan debt relief operation that tricked consumers into making illegal upfront payments by pretending to be affiliated with the U.S. Department of Education and falsely promising student loan debt relief.
The FTC first mailed checks in July 2017 and has returned more than $49 million to former DeVry students. Now, the FTC is mailing 5,942 checks to people who didn’t cash their first payment. If you get a check, please cash it within 90 days. You can find answers to common questions about refund payments on our FAQ page.
Making phony debt relief promises: In marketing their services, the scheme’s operators claimed to use several bogus methods to reduce or eliminate consumers’ credit card debt. For example, they falsely claimed that consumers may qualify for a federal debt relief program or that a consumer doesn’t owe the debt because it hasn’t been ...