NAICU Washington Update

FTC Targeting Student Loan Debt Scams

October 16, 2017

The Federal Trade Commission (FTC) announced the first coordinated federal-state initiative targeting deceptive student loan debt relief scams. The enforcement sweep, called Operation Game of Loans, is targeting scammers who are making false promises to borrowers, and have charged illegal upfront fees of nearly $100 million.
More information can be found on the FTC consumer blog and at The FTC is encouraging those who work with students to disseminate the information to their networks.

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