Consumer Finance Protection Bureau Reaches $2.7 billion dollar settlement with credit repair group
Largest credit repair brands in America, including Lexington Law and CreditRepair.com, perpetrated years long scheme to illegally harvest billions in fees.
Federal Trade Commission and Department of Justice send over $9 million in refunds to victims of student loan debt relief fraud
The FTC and the Department of Justice are sending more than $9 million in refunds to consumers who lost money to Ameritech Financial, who was convicted of criminal charges in connection with the scheme.
“One man pleaded guilty to creating a series of fraudulent debt relief companies that tricked U.S. victims into paying fraudulent processing fees and disclosing sensitive personal identifying information.”
"Federal authorities say the man was part of a scheme that defrauded more than 50 small businesses of more than $3.4 million between March 2018 through and December 2023.”
"The ringleader of a student loan debt relief scam will be permanently banned from the debt relief industry and is required to turn over assets as part of a settlement with the Federal Trade Commission."
