Search Results: test Uncategorized

FTC Settles With Operators of Alleged Student Loan Debt Relief Schemes

On September 12, 2019, the Federal Trade Commission (FTC) announced that it had settled lawsuits​ against the operators of two alleged student loan debt relief schemes, and a financing company that assisted them, alleging that they had bilked millions of dollars from consumers.  The FTC alleged that the defendants violated…

Read More

CFPB Settles With Payday Lender for $100,000

​On February 5, the Consumer Financial Protection Bureau (CFPB) announced a settlement with a regional retail payday lender, resolving allegations that the lender violated the Consumer Financial Protection Act (CFPA).  Specifically, the CFPB alleged that the lender failed to take adequate steps to prevent unauthorized charges; failed to promptly monitor, identify,…

Read More