Student loan debt affects more than 42 million Americans and, with outstanding balances of more than $1.4 trillion, student loans are the second largest segment of U.S. debt, after mortgages. Operation Game of Loans includes seven FTC actions: five new cases, one new judgment in favor of the FTC, and a preliminary injunction entered in…
Maryland Attorney General Brian E. Frosh has ordered a California-based student loan debt relief company to stop doing business and return money to consumers after finding it violated consumer protection laws. The state is requiring Huntington Beach, Ca.,-based Student Loan Counsel to pay damages to Maryland residents who never received services or refunds. According to…
(iStock) The Federal Trade Commission said Friday that it has formed a task force with 12 state attorneys general to crack down on student debt relief scams. [Student debt relief scams are on the rise. Heres how this government official plans to stop it.] The federal-state initiative, dubbed Operation Game of Loans, is responsible for five cases against companies,…
The Federal Trade Commission, along with Illinois and 10 other states, on Friday announced a coordinated crackdown on student loan debt relief scams. The initiative, dubbed Operation Game of Loans, includes 36 actions by the FTC and state attorneys general against companies alleged to have taken more than $95 million in illegal upfront fees over…
The statistics are staggering. Tens of millions of Americans are drowning in more than a trillion dollars of student loan debt. And with the problem only growing, FOX 32 wants to help you navigate the complicated world of paying those loans back. Student loans, for many, are a heavy and stressful burden. In fact, a…
President Donald Trump warned Puerto Rico that the federal government would not provide unlimited help to the island which was devastated by Hurricane Maria, just one week after he said he would not rest until the US territory in the Caribbean was safe. Following a widely-panned visit to Puerto Rico aimed at easing criticism of…
By Scott Tong October 12, 2017 | 8:41 PM Embed Code<iframe src=”https://www.marketplace.org/2017/10/12/world/do-rising-stocks-help-nation-s-debt/popout” frameborder=”0″ width=”100%” height=”240px”></iframe> Marketplace Embed Code<iframe src=”https://www.marketplace.org/2017/10/12/world/do-rising-stocks-help-nation-s-debt/popout” frameborder=”0″ width=”100%” height=”240px”></iframe> The stock market has surged for much of the last year, and the president like all presidents is trying to take credit. Fair enough. But last night, he suggested the stock market can help…
Australians are a collective $1.68 trillion in debt and for many people, the burden is life-altering. Money guru and financial advisor Paul Clitheroe appeared on A Current Affair to offer his top tips for avoiding debt – and what to do when you find yourself in a hole. “We Australians really are on a credit…
Sri Lankas external debt burden is well known. The country, which came out of a long civil war in 2009, is currently struggling to service an outstanding debt of about $46.6 billion. But more recently, the Central Bank has found a very high level of household debt in the war-affected communities of the north and…
Hurricane Maria did more than destroy Puerto Rico’s electric grid and water supply. It has destroyed the Puerto Rican economy. Pharmaceutical factories, the island’s main source of jobs and income, are either closed or partially operating. Many small businesses were destroyed, and those that weren’t are struggling without reliable electricity or running water. The tax…