Student loan debt relief watch out for scams – New Jersey 101.5 FM Radio

At least $95 million was deceptively obtained from American consumers by scam-artist student loan debt relief groups over the past couple years, according to crackdown results revealed by the Federal Trade Commission. Zephyr Picture, Getty Images In the first-ever coordinated federal-state initiative targeting deceptive practices aimed toward those struggling to repay college loans, 36 actions…

Mike Pence’s Closest Ally Is Helping The Shady Student Debt Relief Industry – BuzzFeed News

One of Vice President Mike Pences closest allies advised a cadre of student debt relief companies some of which are facing an unprecedented nationwide crackdown for preying on vulnerable borrowers on how to lobby Washington and fend off regulators. Marty Obst, a longtime adviser to Pence and operative closely aligned with Trumps outside political operation,…

UK Treasury mulls plan to offer those struggling with problem debt six-week ‘breathing space’ – The Independent

People who are suffering from problem debt could be granted a six-week grace period to get their finances back on track, under new plans being considered by the Treasury. Under the plans, those plagued with excessive household debt would be exempt from further interest, charges and enforcement action for a period of six weeks, which…