Operators of Student Loan Debt Relief Scheme Banned From Providing Debt Relief Services as Part of Settlement with FTC

The operators of a student loan debt relief scheme are banned from providing debt relief services and have agreed to settle Federal Trade Commission charges that they collected illegal upfront fees and falsely promised to lower or even eliminate consumers loan payments or balances.

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/press-releases/2021/05/operators-student-loan-debt-relief-scheme-banned-providing-debthttps://www.ftc.gov/news-events/press-releases/2021/05/operators-student-loan-debt-relief-scheme-banned-providing-debt
Retrieved on: 
Monday, May 17, 2021
Information
Tags: 
Debt, Money, Finance, Economy, Debt relief, Federal Trade Commission, Student debt, Lawsuit, Student loan
Summary
Key Points: 
  • The operators of a student loan debt relief scheme are banned from providing debt relief services and have agreed to settle Federal Trade Commission charges that they collected illegal upfront fees and falsely promised to lower or even eliminate consumers loan payments or balances.
  • The defendants also signed customers up for high-interest loans to pay the fees without making required disclosures.
  • The settlement resolves FTC litigation against the remaining defendants in the case: Student Advocates Team, LLC, Progress Advocates Group, LLC (also doing business as Student Advocates), Student Advocates Group, LLC, Assurance Solutions Services, LLC and individual defendant Bradley Jason Huntand individual defendant Sean Quincy Lucero.
  • The defendants are also prohibited from collecting any further payments from the consumers who purchased their debt relief services.
Copyright: 
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