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CFPB shuts down student debt relief scam
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Case Law, Consumer Protection
Friday, March 18, 2016
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The Consumer Financial Protection Bureau submitted a proposed final judgement and order in the U.S. District Court of the Central District of California to ban Student Loan Processing.US and its owner, James Krause, from conducting debt relief and student loan services. The bureau had alleged that the company violated the Consumer Financial Protection Act (CFPA) and the Telemarketing and Consumer Fraud and Abuse Prevention Act (and its implementing regulation, the Telemarketing Sales Rule). Read on for more details.
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