Debt Relief news and trends

FTC Begins Sending Refunds to Victims of Debt Relief Scheme
Regulation // January 21, 2025

The Federal Trade Commission (FTC) has begun sending more than $5 million in refunds to consumers who were harmed by a deceptive credit card debt relief scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Feds Cancel Student Debt for 160K New Borrowers
Debt // May 22, 2024

The U.S. Department of Education is canceling student debt for another 160,000 borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests
CFPB // May 06, 2024

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against the National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that they ignored student loan borrowers seeking payment relief. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB Sues Strategic Financial Solutions Over Alleged Fee Collection
CFPB // January 19, 2024

The Consumer Financial Protection Bureau (CFPB) announced Friday (Jan. 19) that it has launched a lawsuit against Strategic Financial Solutions (SFS), charging it with running an illegal debt-relief business.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Quick Reads
FTC Adds Defendants in Case Alleging Unlawful Debt Relief Operation

March 28, 2025
The Federal Trade Commission (FTC) has added more defendants in its case against student loan debt relief operation Superior Servicing and its operator, Dennise Merdjanian. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing […]

FTC Begins Sending Refunds to Victims of Debt Relief Scheme

January 21, 2025
The Federal Trade Commission (FTC) has begun sending more than $5 million in refunds to consumers who were harmed by a deceptive credit card debt relief scheme. Get the Full...

Feds Cancel Student Debt for 160K New Borrowers

May 22, 2024
The U.S. Department of Education is canceling student debt for another 160,000 borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests

May 06, 2024
The Consumer Financial Protection Bureau (CFPB) has filed a complaint against the National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that they ignored student loan borrowers seeking payment relief....