Chester County News and Community Website
WASHINGTON, D.C. — The U.S. Department of Education’s Office of Federal Student Aid (FSA) announced a significant restructuring aimed at improving federal student loan management and borrower support. The agency …
Education Department Expands Ombudsman Role to Strengthen Student Loan Oversight and Borrower Education Read More
WASHINGTON, D.C. — A federal court has halted a nationwide debt relief operation accused of defrauding older Americans and veterans out of tens of millions of dollars through deceptive practices, …
FTC Shuts Down $100 Million Debt Relief Scam Targeting Seniors and Veterans Read More
WASHINGTON, D.C. — Blackstone Legal and its owners will be permanently banned from the debt collection industry following a Federal Trade Commission (FTC) lawsuit that alleged the operation misled and harassed …
FTC Permanently Bans Blackstone Legal for Fake Debt Collection Practices Read More
Some financial decisions can be challenging — like whether to use your money to reduce your debt or to invest. If you already have a significant amount of debt and …
Should You Pay Off Debts or Invest? Read More
WASHINGTON, D.C. — The Federal Trade Commission (FTC) has announced decisive action against Global Circulation, Inc. (GCI) and its owner, Kenneth Redon III, over allegations of widespread fraudulent debt collection …
FTC Shuts Down Fraudsters Threatening Jail for Fake Debts! Read More
Achieving financial stability doesn’t happen overnight — it takes a journey. And, as with every journey, you’ll need to make some stops along the way. These stops, or milestones, can …
Three Stops on the Road to Financial Stability Read More
HARRISBURG, PA — Pennsylvania Attorney General Sunday has reached a settlement requiring Accelerated Debt Settlement, Inc. and its affiliated entities to pay $550,000 in penalties and refunds for allegedly illegal …
Scammed Out of Thousands? PA Attorney General Fights Back and Wins Big for Victims Read More
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) announced on Friday, March 28, that it will be deprioritizing enforcement and supervision actions related to penalties under the Payment Withdrawal …
CFPB Shifts Focus, Opens Door to Revising Payday Loan Regulations Read More WASHINGTON, D.C. — A federal court has taken decisive action to shut down a phantom debt collection scheme, freezing its assets and temporarily halting operations following a lawsuit filed by …
FTC Shuts Down Fraudulent Debt Scheme Preying on Consumers with Fake Threats Read More
WASHINGTON, D.C. — The Federal Trade Commission (FTC) has announced the distribution of more than $540,000 in refunds to 1,625 individuals targeted by unlawful debt collection practices. Each affected consumer is …
FTC Issues Refunds to Victims of Abusive Debt Collection Practices Read More