Last Updated
Case Status
Pending
Federal Trade Commission, Plaintiff, v. SLAC, Inc., a California corporation, also doing business as Student Loan Assistance Center and Aspyre; Navloan, Inc., a California corporation; Student Loan Assistance Center, LLC, a California limited liability company; and Adam Owens, individually and as an officer, director, principal, or manager of SLAC, Inc., Navloan, Inc., and Student Loan Assistance Center, LLC; Defendants.
FTC Matter/File Number
172 3090
Civil Action Number
5:20-cv-00470-JFW
Federal Court
Central District of California
Case Summary
SLAC (also doing business as Aspyre), Navloan, Student Loan Assistance Center, and Adam Owens -- three California-based student loan debt relief companies and their owner -- have agreed to be permanently banned from the debt relief business in order to settle Federal Trade Commission charges that they falsely promised to lower or eliminate consumers’ student loans for an illegal upfront fee. The FTC also alleged that the companies and Owens failed to disclose that they paid consumers for positive Better Business Bureau (BBB) reviews.