Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida

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The Federal Trade Commission (FTC) and the attorney general of Florida have shut down a series of debt settlement companies they say were ripping off consumers. Florida and the FTC have obtained a.

The settlements stem from an FTC-led enforcement sweep announced last year. The defendants in two student loan debt relief cases have agreed to settle Federal Trade Commission claims that they charged consumers illegal upfront fees and falsely promised to help reduce or forgive student loan debt burdens.

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Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business. Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida | Federal Trade Commission

Two operations that allegedly ran student loan debt relief schemes are being targeted by the Federal Trade Commission and regulators in Florida while defendants in a similar action brought earlier this year agreed to a ban from the debt relief business. The operators of Consumer Assistance Project.

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The Federal Trade Commission charged the operators of a phony student loan debt relief and credit repair scheme with bilking millions of dollars from consumers by falsely promising to reduce or.

Finally, in a separate case, the operators of another student debt relief scheme agreed to a settlement with the FTC that will permanently ban them from the debt relief business. The FTC alleged that Tobias West and his wife, Komal West, the owners of Good EBusiness, select student loan Help LLC and Select Document Preparation Inc., charged consumers upfront fees of $500 to $800 based on false claims that they could renegotiate, settle or alter payment terms on student loan debt.