FTC Acts to Stop Scheme that Bilked Millions out of Student Loan Borrowers
December 09, 2024
December 09, 2024
WASHINGTON, Dec. 9 -- The Federal Trade Commission issued the following news release:
The Federal Trade Commission has stopped a scheme that allegedly bilked millions of dollars out of consumers burdened with student loan debt by pretending to be affiliated with the U.S. Department of Education in violation of the FTC's Impersonation Rule, collecting illegal advance fees, and making other deceptive claims.
A federal court temporarily halted the scheme and froze its . . .
The Federal Trade Commission has stopped a scheme that allegedly bilked millions of dollars out of consumers burdened with student loan debt by pretending to be affiliated with the U.S. Department of Education in violation of the FTC's Impersonation Rule, collecting illegal advance fees, and making other deceptive claims.
A federal court temporarily halted the scheme and froze its . . .