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

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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.

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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.

On December 7, 2018, the Federal Trade Commission ("FTC) announced that the U.S. District Court for the Southern District of Florida had entered stipulated orders banning the operators of two Florida-based student loan debt relief providers from the debt relief business, the latest actions fro.

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At the Federal Trade Commission’s request, a U.S. district court in Florida granted summary judgment against two individuals, approved six settlement agreements involving 11 defendants, and entered a default judgment against the remaining seven defendants, officially ending the massive Pointbreak Media robocall scheme.

2018) standards. In Bader, the plaintiff alleged that the defendant had violated the TCPA when it called his phone more than 100 times in an attempt to collect someone else’s student loan debt. He.

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.

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The Federal Trade Commission (FTC) and the attorney general of Florida have shut down a series of debt settlement companies they say were ripping off consumers. Florida and the FTC have obtained a.