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The Consumer Financial Protection Bureau filed a complaint in the federal district court for the Central District of California against GST Factoring, Inc., which runs a student-loan debt-relief business in Texas, and two of its owners, Rick Graff and Gregory Trimarche, as well as Champion Marketing Solutions, LLC, a customer service and marketing company, and its owner, Scott Freda.
The Consumer Financial Protection Bureau settled with Timemark, Inc., a company based in Deerfield Beach, Florida, that provides debt-relief services to consumers with federal student-loan debt, and with its owners and officers, Timothy Lenihan, Sr., Mark Nagler, and Casey Gassaway.
The Consumer Financial Protection Bureau (Bureau) filed suit against several companies and individuals involved in offering student loan debt-relief services for allegedly obtaining consumer reports illegally, charging unlawful advance fees, and engaging in deceptive conduct.
The CFPB announced an action to halt a student-loan debt-relief operation engaged in allegedly unlawful conduct.
The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Student CU Connect CUSO, LLC (CUSO), a company set up to hold and manage private loans for students at ITT Technical Institute.
Company Deceived Borrowers About Tax Benefits, Incorrectly Charged Late Fees and Interest, Sent Misleading Monthly Bills and Incomplete Notices.
All 800,000 Loans Will Be Independently Audited, Companies Will Pay at Least $21.6 Million and Stop Suing for Invalid or Unverified Debts.
Bureau’s Proposed Settlement Seeks $183.3 million in Relief for 41,000 Harmed Student Borrowers.
CFPB Alleges Weltman, Weinberg & Reis Deceived Consumers with Misleading Calls and Letters.
Navient, Formerly Part of Sallie Mae, Illegally Cheated Borrowers Out of Repayment Rights Through Shortcuts and Deception.
CFPB Finds Qualified Students Were Blocked From Affordable Loan Repayment Plans; Updates Student Loan Servicing Exam Procedures.
CFPB Orders Full Relief and Refunds for All Private Loans Made by the School.
Wells Fargo to Pay $3.6 Million Penalty to the Bureau.
Student Aid Institute Illegally Tricked Borrowers Into Paying Fees for Federal Loan Benefits The Bureau today took action to halt a student loan debt relief...
Student Loan Processing.US and Owner Charged Student Loan Borrowers Millions in Illegal Fees Today the Bureau requested that a federal district court enter...
Minority Borrowers Who Paid Higher Rates for Auto Loans Will Receive Up to $21.9 Million.
Operation Ripped Off Students and Families Applying for College Financial Aid Today, the Bureau announced it is taking action to halt a nationwide student...
Court Rules that Corinthian Engaged in Deceptive Lending Practices and Illegal Debt Collection Practices Yesterday, at the request of the Bureau, a federal...
Company to Pay $18 Million to Minority Auto Borrowers, $3 Million to Credit Card.
Company to Pay $5.2 Million For Illegally Billing Over 100,000 Consumers Today the Bureau filed a complaint and proposed consent order in federal court...
Discover's Illegal Servicing Practices Affected Private Student Loan Borrowers Transferred from Citibank Today the Bureau took action against Discover Bank...
African-American, Hispanic, and Asian and Pacific Islander Borrowers Will Receive $24 Million.
CFPB Warns Borrowers About Companies Charging High Fees for Free Federal Loan Repayment Benefits Today, the Bureau took action to put an end to two student...
Bureau Seeks More than $500 Million In Relief For Borrowers of Corinthian's Private Student Loans Today, the Bureau sued for-profit college chain Corinthian...
Today the Bureau filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. The CFPB...
