Regulators land hard on student loan debt settlement frauds

Regulators land hard on student loan debt settlement frauds

Student education loans would be the 2nd biggest type of debt into the U.S., surpassed just by mortgages. Over 42 million Americans of all of the many years have student loan debt totaling a lot more than $1.4 trillion. The typical 2016 graduate owes $37,000. Standard rates are in an all-time high, with about 8 million borrowers having stopped making repayments completely.

Most of these numbers are fodder for scammers. The FTC and Attorneys General in eleven states additionally the District of Columbia have actually launched “Operation Game of Loans, ” the very first ever coordinated enforcement that is federal-state against education loan debt settlement frauds. (más…)

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