In October 2017, the Federal Trade Commission (FTC) and several states launchedOperation Game of Loansto help fight deceptive student loan debt relief scams. Stemming from this program, the FTC settled with Student Debt Doctor (SDD) and American Student Loan Consolidators (ASLC), two Florida-based student loan debt relief companies, over collecting illegal upfront fees and falsely promising to help consumers enroll in government programs to reduce or forgive their student loan debt.
SDD entered into a stipulated judgment with the FTC on November 30, 2018. The stipulated judgment bans SDD from offering debt relief products, prohibits SDD from making misrepresentations related to financial products and services, and prohibits SDD from enga…
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