CFPB Shuts Down Debt Relief Provider Over Fraudulent Student Loan Practices – The National Law Review

On May 20, the CFPB settled an enforcement action against a California-based telemarketing firm for practices related to student loan debt relief services. The Bureau has ordered the firm to permanently halt operations and pay a $400,000 civil money penalty, in addition to ordering the recission of all the firms existing contracts with consumers. The Bureaus investigation…