Student Loan Debt Relief Scam Operators Agree to be Permanently Banned from Industry, Turn Over Assets to Resolve FTC Charges

News Consumer protection Sanctions & Fines

Date: 22nd May, 2025 Source: Federal Trade Commission Country: USA Original Source

Brief

On July 2024, the Federal Trade Commission (FTC) charged two companies and their owners with operating a transnational student loan debt relief scam. The defendants allegedly bilked millions from struggling student loan borrowers by making false promises of low monthly payments and complete loan forgiveness, and extracting over $7.3 million in illegal advance fees and payments.

This content is restricted.

Highlights content goes here...

This content is restricted.

Federal Trade Commission

RADA.AI

Hello! I'm RADA.AI - Regulatory Analysis and Decision Assistance. Your Intelligent guide for compliance and decision-making. How can i assist you today?

Suggested

Student Loan Debt Relief Scam Operators Agree to be Permanently Banned from Industry, Turn Over Assets to Resolve FTC Charges

Brief

Federal Trade Commission

Form successfully submitted. One of our GRI rep will contact you shortly

Thanking You!

Enter your Email

Verify Email

Tell us more about yourself

Select your work area

Select your country

All set.

Student Loan Debt Relief Scam Operators Agree to be Permanently Banned from Industry, Turn Over Assets to Resolve FTC Charges

Brief

Federal Trade Commission

Form successfully submitted. One of our GRI rep will contact you shortly

Thanking You!

Enter your Email

Verify OTP

Enter your Email

Verify Email

Tell us more about yourself

Select your work area

Select your country

All set.