The RBA is increasingly worried about the impact of China’s debt levels on the global economy – Business Insider Australia

Chinas rise to economic prominence over the past two decades has benefited many countries, including Australia. As a commodity-rich nation on Chinas doorstep, Australia benefited more than most thanks to its insatiable appetite for its natural resources, helping its transition towards a predominantly urban, highly-connected economy. However, as many are acutely aware, that economic transformation…

FTC, State Law Enforcement Partners Announce Nationwide Crackdown on Student Loan Debt Relief Scams – PR Newswire (press release)

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…

California student loan debt relief company deceived consumers, Maryland AG says – Baltimore Sun

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…

Federal Trade Commission teams with state AGs to combat student debt relief scams – Washington Post

(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,…