New York Investigates Companies Offering Student-Debt Relief

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New York's financial regulator is examining whether companies that offer student-loan debt relief are charging improper fees and engaging in misleading advertising

New York’s financial regulator said Thursday it has launched an investigation into companies that offer debt-relief services for student loan borrowers, examining whether they are charging improper fees and engaging in misleading advertising.

The state Department of Financial Services has issued subpoenas to eight companies that promise to find debt reduction or forgiveness for struggling borrowers. The agency said the probe focuses on whether the companies charge “hefty, improper fees structured as monthly subscriptions”...

 

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What about all of their darn robo calls?

When are they going to investigate the Colleges and Universities for fraud and misrepresentation. They been sucking money out of students and families for years!

Well, no but the Democrat candidates who are promising debt relief and free college are definitely engaging in misleading advertising

I think so. Imagine a student loan of $45,000 USD for Master program in MUM. That's too much

𝐓𝐫𝐮𝐦𝐩 𝟐𝟎𝟐𝟎 𝐂𝐚𝐦𝐩𝐚𝐢𝐠𝐧 𝐀𝐝𝐯𝐞𝐫𝐭: 60 sec local media buy midwest/south only

☢️🈚️🈸🈺🈷️🉐㊙️㊗️🈴🈲🈹🈵💮

Government investigating a consequence of the problem it created. Precious.

Examine the colleges for price collusion and for wildly overcharging an entire generation.

As the entire industry uses robodialers with spoofed originating numbers I'd say this would be a no-brainer.

26.771.10 ♈️♋️♓️

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Lol it has started

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 /  🏆 98. in JP

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