News & Analysis as of

Department of Education Settlement

Shipkevich PLLC

FTC Awards $3.3 Million to Victims of Deceptive Student Loan Debt Relief Scheme

Shipkevich PLLC on

On June 14, 2023, the Federal Trade Commission (FTC) announced that it will be providing over $3.3 million in payments to consumers who fell victim to the deceptive practices of Arete Financial Group (“Arete Financial”), a...more

Goodwin

Pennsylvania AG Settles with Student Loan Debt Buyer for $2.6 Million

Goodwin on

On April 6, 2021, the Pennsylvania Attorney General (Pennsylvania AG) announced that it reached an agreement with a Texas-based debt buyer concerning a portfolio of student loan debt it purchased from a now-defunct for-profit...more

Goodwin

FTC Settles with Student Debt Relief Companies for $19 Million

Goodwin on

On September 28, 2018, the Federal Trade Commission (FTC) announced that it had reached a settlement with loan debt relief operators in connection with the coordinated federal-state enforcement initiative to target deceptive...more

Ballard Spahr LLP

Has the SCRA been amended for everyone?

Ballard Spahr LLP on

Not only student loan servicers, but all companies, particularly those subject to the CFPB’s supervisory authority, face new compliance risk under the Servicemembers Civil Relief Act (the “SCRA”) as a result of the stunning...more

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