FTC Release: Student Loan Fraudsters Permanently Banned From Debt Relief Industry And Required to Turn Over All Assets as Result of FTC Action

Dow Jones

2025/05/22

FTC alleges operators pretended to be affiliated with the U.S. Department of Education, promised fake student loan forgiveness, and bilked millions out of consumers seeking debt relief

As a result of a Federal Trade Commission lawsuit, a fraudulent student loan debt relief operation and its owners are permanently banned from the debt relief industry and required to turn over all assets to resolve allegations that they misled consumers.

View Press Release: https://www.ftc.gov/news-events/news/press-releases/2025/05/student-loan-fraudsters-permanently-banned-debt-relief-industry-required-turn-over-all-assets-result

(END) Dow Jones Newswires

May 22, 2025 11:31 ET (15:31 GMT)

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