CFPB to distribute more than $10.9 million to consumers harmed by student loan debt-relief business

This month, 8,571 consumers who were harmed by Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt settlement company, will receive checks in the mail.

February 19, 2024

Source: Consumer Financial Protection Bureau Release

From 2015 to 2022, Performance SLC charged thousands of consumers with federal student loans approximately $9.2 million in illegal upfront fees, violating the Telemarketing Sales Rule, to file paperwork on their behalf to apply for programs that were available to them for free from the United States Department of Education. Performance Settlement used deceptive tactics to convince consumers to sign up for their services.

Learn more

Article posted by:

Levi Gwaltney

Levi Gwaltney is the Editor In Chief of Las Cruces Digest. The Editor makes editorial and posting decisions regarding content published on this site. In most cases, the Editor makes little if any contribution to content published, and takes no credit for the content of republished posts. If available, the source or author of posts is provided at the top of the article.

Vamos a chismear…

• Facebook
• Pinterest
• LinkedIn
• Mail
• Print

• December 21, 2024
  

  TTB Establishes ‘American Single Malt Whisky’ Standard of Identity

• December 23, 2024
  

  NMSU Alum Diego Pavia Lights the Way For Future Student Athletes–Read the Entire Court Ruling Here

BACK

---