VA Offers Continued Debt Relief Options to Veterans
WASHINGTON, D.C. — The Department of Veterans Affairs (VA) recently reaffirmed its commitment to extend debt relief for Veterans through Sept. 30.
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Federal Government Acts to Ban Payday Lender from Industry, Forgive Illegal Debt
WASHINGTON, D.C. — The owners and operators of a vast payday lending scheme that overcharged consumers millions of dollars will be permanently banned from the lending industry under the terms …
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FTC Sends More than $1.7 Million in Refunds to People who Lost Money to Student Loan Debt Relief Scam
WASHINGTON, D.C. — The Federal Trade Commission is sending more than $1.7 million to people who lost money to a debt relief scheme that targeted individuals trying to pay down their …
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Sungard Availability Services and Its Lenders Extend Debt Maturities and Amend Key Credit Terms to Support Growth Initiatives
WAYNE, PA — Sungard Availability Services (Sungard AS), a leading provider of highly available, cloud-connected infrastructure in North America and Europe, recenty announced definitive agreements with its lenders to extend substantially all of its debt maturities from …
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AG Shapiro Shuts Down Student Loan Forgiveness Scam, Gets Money Back For Consumers
HARRISBURG, PA — Attorney General Josh Shapiro announced that the Pennsylvania Office of Attorney General has shut down a California-based company that was allegedly operating an illegal student loan forgiveness …
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Consumer Financial Protection Bureau Sues DMB Financial, LLC for Allegedly Violating the Telemarketing Sales Rule and Consumer Financial Protection Act
WASHINGTON, D.C. — This week, the Consumer Financial Protection Bureau (Bureau) filed a lawsuit against DMB Financial, LLC (DMB). The Bureau alleges that DMB violated the Telemarketing Sales Rule (TSR) …
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FTC Stops Debt Collector’s Alleged “Debt Parking” Scheme, Requires It to Delete Debts It Placed on Consumers’ Credit Reports
WASHINGTON, D.C. — The Federal Trade Commission has taken action against a debt collection company that allegedly placed bogus or highly questionable debts onto consumers’ credit reports to coerce them to …
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Student Loan Debt Relief Scammer Brandon Frere Agrees to Settle FTC Charges
WASHINGTON, D.C. — Student loan debt relief scammer Brandon Frere and his companies, including Ameritech Financial, have entered into an agreement with the Federal Trade Commission to settle charges they misled approximately …
Read More Consumer Financial Protection Bureau Takes Action Against Debt-Relief Business and Its Owner for Taking Illegal Advance Fees
WASHINGTON, D.C. — The Consumer Financial Protection Bureau has filed a complaint against Performance SLC, LLC (PSLC), a California debt-relief business focused on federal student loan debt; Performance Settlement, LLC …
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Consumer Financial Protection Bureau Issues No Action Letter to Facilitate Consumer Access to Small-Dollar Loans
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) granted a no-action letter (NAL) to Bank of America, N.A. regarding certain small-dollar credit products.
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