By Richard Read
and Teddy Nykiel
Fraudulent debt relief companies are preying on the most vulnerable of the 44 million people with student loans, as federal officials dispute whos to blame and what to do, a NerdWallet investigation has found.
U.S. enforcement agencies the Consumer Financial Protection Bureau and the Federal Trade Commission in recent years have closed only seven companies that lured consumers with rosy promises to reduce or forgive student loan debt.
But more than 130 student loan debt relief businesses operating during the period had records of questionable or illegal behavior, according to a NerdWallet review of public records. The search of state and federal documents nati…
Read the full article at: http://businessinsavannah.com/bis/2017-06-20/feds-point-fingers-debt-relief-companies-prey-students