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Search resuls for: "Ameritech"


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The Federal Trade Commission announced on Wednesday it is refunding $4.1 million to 27,584 consumers who fell victim to student debt forgiveness scams. Fraudsters "tricked students into paying hundreds to thousands of dollars in illegal upfront fees and pretended to lower consumers' monthly student loan payments," the FTC said in a press release. Additionally, the operators claimed to take over the servicing of consumers' loans and thus, often pocketed consumers' monthly payments, the agency said. Scammers lure student loan borrowers by offering ways to lower their monthly payments or even eliminate their balances. Use these tips to avoid losing money to a student loan scammer.
Persons: Fraudsters, it's, scammer Organizations: Federal Trade Commission, Mission Hills Federal, Federal Direct Group, Data Initiative, FTC, Department of Justice
The FTC and DOJ announced it would be sending $9 million in refunds to 22,000 student-loan borrowers. It's a result of a company that was convicted of illegally charging borrowers for debt relief services. The FTC in 2020 banned the company from providing debt relief services, and the same year, a federal judge sentenced Frere to 42 months in prison. Most recently, the FTC announced on Monday that a federal court halted operations of two companies that misled borrowers into paying for debt relief services, scamming them out of $8.8 million. And in June, an additional 37,000 borrowers began receiving $3.3 million in refunds following accusations of misleading debt relief behavior by separate companies.
Persons: Brandon Frere, Frere, Joe Biden Organizations: FTC, DOJ, Service, Federal Trade Commission, Department of Justice, Ameritech, Education Department, PayPal, Rust Consulting, Department, Education Locations: Wall, Silicon
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