FTC Cracks Down on Student Loan Debt Relief Schemes – Credit.com News (blog)

Some student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced…

FTC Cracks Down on Debt Relief Schemes Targeting Student Loan and Mortgage Borrowers – PR Newswire (press release)

Florida Attorney General Pam Bondi said, “The Federal Trade Commission has been a steadfast partner in our consumer protection enforcement efforts. These latest joint actions will help protect Floridians, as well as many across the country, from these companies’ unscrupulous debt relief operations and ensure that those responsible will be held accountable.” Consumer Assistance Project…

Legislation To Help Puerto Rico Manage Its Crippling Debt Advances In The House – Huffington Post

WASHINGTON — Legislation giving Puerto Rico the ability to restructure its $70 billion in debt overcame a major hurdle on Thursday, passing out of committee in the House. The House Natural Resources Committee approved the bill, which would establish an oversight board to help the commonwealth restructure its un-payable debt and craft an economic recovery…