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.

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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