FTC, California District Court Ban Student Debt Relief Operations

The companies are banned from sale of student debt relief services and telemarketing.

3/10/2020 7:30 AM

NewsAdvocacy
FTC, California District Court Ban Student Debt Relief Operations

Defendants in an ongoing “student loan debt relief” scheme are banned from telemarketing and selling debt relief consumers, in addition to paying more than $10 million in restitution, according to a news release from the Federal Trade Commission.

“The U.S. District Court for the Central District of California found that Brian Colombana, Impetus Enterprise, Inc., and Fig Tree & Co., LLC deceptively marketed student loan debt relief services to consumers and tricked them into paying illegal upfront fees by promising to reduce or eliminate their student loan debt, and then failed to deliver the promised debt relief,” the FTC reports in the news release.

The March judgments against the defendants from the court total $10.7 million while other defendants in the case were subject to permanent injunctions last year, according to the FTC.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


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FTC, California District Court Ban Student Debt Relief Operations

Defendants in an ongoing “student loan debt relief” scheme are banned from telemarketing and selling debt relief consumers, in addition to paying more than $10 million in restitution, according to a news release from the Federal Trade Commission.

“The U.S. District Court for the Central District of California found that Brian Colombana, Impetus Enterprise, Inc., and Fig Tree & Co., LLC deceptively marketed student loan debt relief services to consumers and tricked them into paying illegal upfront fees by promising to reduce or eliminate their student loan debt, and then failed to deliver the promised debt relief,” the FTC reports in the news release.

The March judgments against the defendants from the court total $10.7 million while other defendants in the case were subject to permanent injunctions last year, according to the FTC.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

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