D.C. Attorney General Karl Racine, center, filed a lawsuit against a Florida-based student debt relief company. (Astrid Riecken/For The Washington Post)
District Attorney General Karl A. Racine on Wednesday filed a lawsuit against Student Aid Center, a Florida-based debt relief company, and its owners for misleading area residents about the firms ability to lower student loan payments and illegally charging upfront fees before providing the service.
Racine found evidence of the company charging fees ranging between $600 and $1,000 in exchange for simply mailing out paperwork that borrowers can obtain and submit for free through the federal government. Telemarketers went so far as to promise full refunds if customers did not receive …
Read the full article at: https://www.washingtonpost.com/news/grade-point/wp/2016/05/25/d-c-attorney-general-sues-student-debt-relief-company-caught-in-the-crosshairs-of-a-federal-regulator/