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Sep25

Consumer Protection and the Debt Settlement Industry

The Federal Trade Commission staff will hold a workshop on September 25, 2008 to explore the growth of the for-profit debt settlement industry and to analyze how its model is affecting consumers and...

Superior Servicing, LLC., FTC v.

The Federal Trade Commission has stopped a scheme that allegedly bilked millions of dollars out of consumers burdened with student loan debt by pretending to be affiliated with the U.S. Department of Education in violation of the FTC’s Impersonation Rule, collecting illegal advance fees, and making other deceptive claims.

The U.S. District Court for the District of Nevada entered a temporary restraining order on November 22, 2024 and a preliminary injunction against corporate defendant Superior Servicing on December 6, 2024.  

The Federal Trade Commission filed an amended complaint adding corporate defendants Sunrise Solutions USA LLC, Alumni Advantage LLC, Student Processing Center Group LLC, SPCTWO LLC, Accredit LLC and individual defendants Eric Caldwell and David Hernandez. 

Type of Action
Federal
FTC Matter/File Number
X250009
Docket Number
2:24-cv-02163-GMN-MDC
Case Status
Pending
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Debt Relief and Credit Repair Scams

Debt Relief Service and Credit Repair Scams Debt relief service scams target consumers with significant credit card debt by falsely promising to negotiate with their creditors to settle or otherwise...