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The FTC and the state of Florida have brought up two cases against organizations who claimed to provide debt relief for student loan debts. Student debt relief programs were bogus, feds and.
Mortgage Relief Defendant Banned from Debt Relief Business in Settlement with FTC. According to the FTC, the operation typically charged consumers $3,900 in unlawful advance fees and touted a 98-100 percent success rate. The defendants, typically operating as Preferred Law PLLC, Consumer Defense LLC, or american home loans,
The FTC has filed a lawsuit in a California federal district court against three interrelated student loan debt relief companies and the individual who is their majority owner for alleged violations of Section 5 of the FTC Act and the Telemarketing Sales Rule (TSR). The TSR implements the Telemarketing and Consumer Fraud and Abuse Act.
The FTC charged that the los angeles-based operation took millions from consumers through unlawful student loan debt relief and mortgage assistance relief schemes. According to the complaint, the defendants falsely claimed to be from the Department of Education , and promised to reduce borrowers’ monthly payments or forgive their loans.
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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.
Pensacola Florida News: Mortgage rates drop – 30-year a This was demonstrated in the 2013/2014 "taper tantrum" when a 1 percent rise in mortgage rates was accompanied by a 15-point decline in credit scores among rate/term refinancers and a 11-point drop.
On January 14, 2019, the Colorado Supreme Court reversed the Court of Appeals and issued a unanimous decision in favor of the Commission in Colorado Oil & Gas Conserv. Comm. v. Martinez. The Supreme.
The defendants behind a New York-based debt collection scheme will be permanently banned from the debt collection industry under a settlement with the Federal Trade Commission and the New York Attorney General, who alleged that the defendants bilked consumers out of millions of dollars by brokering.
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FTC Files Suit Against Student Debt Relief and Credit Repair Scheme. FTC and Florida AG Agree to Nearly $5 Million Settlement With Defendants Pitching "Worthless" Credit Card Interest Rate.
Last year the Financial Industry Regulatory Authority settled a disciplinary. to ensure the firm’s compliance with its TRACE requirements. CFTC Staff Grants Relief From IB and CTA Registration to.