FTC Sends Refunds to People who Lost Money to Student Loan, Mortgage Debt Relief Scheme

The Federal Trade Commission is sending refunds totaling more than $223,000 to people who lost money to a student loan and mortgage debt relief operation.

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/press-releases/2021/06/ftc-sends-refunds-people-who-lost-money-student-loan-mortgagehttps://www.ftc.gov/news-events/press-releases/2021/06/ftc-sends-refunds-people-who-lost-money-student-loan-mortgage
Retrieved on: 
Thursday, June 24, 2021
Information
Tags: 
Money, Finance, United States housing bubble, Economy, Loans, Corporate crime, Federal Trade Commission, Foreclosure, Mortgage loan
Summary
Key Points: 
  • The Federal Trade Commission is sending refunds totaling more than $223,000 to people who lost money to a student loan and mortgage debt relief operation.
  • The FTC also alleged the defendants targeted distressed homeowners by making false promises that they would provide mortgage relief and prevent foreclosure.
  • The FTC never requires people to pay money or provide account information to cash a refund check.
  • The Commission has urged Congress to restore the FTCs ability to get money back for consumers.
Copyright: 
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