CFPB TAKES ACTION TO END STUDENT “DEBT RELIEF” SCAMS

CFPB Warns Borrowers About Companies Charging High Fees for Free Federal Loan Repayment Benefits

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) took action to put an end to two student “debt relief” scams that illegally tricked borrowers into paying upfront fees for federal loan benefits. The CFPB, in a joint filing with Florida’s Attorney General, shut down student debt relief company College Education Services and separately filed a lawsuit against Student Loan Processing.US for illegally marketing student debt relief services. The Bureau is issuing a consumer advisory today warning student loan borrowers to be wary of paying high fees for free federal loan benefits.

Read more here…

No comments yet.

Leave a Reply