FTC Release: Student Loan Debt Relief Scam Operators Agree to be Permanently Banned from Industry, Turn Over Assets to Resolve FTC Charges

Dow Jones

06-06

FTC says operators falsely claimed affiliation with U.S. Department of Education, made false promises of loan forgiveness, and promoted fake reviews and testimonials

The operators of an alleged transnational student loan debt relief scam have agreed to be permanently banned from the debt relief industry and to turn over more than $1 million in assets to resolve Federal Trade Commission charges that the operation bilked millions out of struggling student loan borrowers.

View Press Release: https://www.ftc.gov/news-events/news/press-releases/2025/05/student-loan-debt-relief-scam-operators-agree-be-permanently-banned-industry-turn-over-assets

(END) Dow Jones Newswires

June 05, 2025 14:35 ET (18:35 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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