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Student Loans › Unfair or Deceptive Trade Practices › Restitution

Orrick, Herrington & Sutcliffe LLP

Attorneys general urge CFPB to pay consumer restitution

Orrick, Herrington & Sutcliffe LLP on

On May 6, the attorneys general from 11 states and the California DFPI urged the CFPB to prioritize the distribution of $4.2 million in consumer restitution, following a bankruptcy court judgment against a company for UDAP...more

Cozen O'Connor

Student Loan Servicer Agrees to Cancel $1.7 Billion of Subprime Student Debt, Pay $95 Million in Restitution over Allegations of...

Cozen O'Connor on

A bipartisan group of 40 AGs, led by California, Illinois, Massachusetts, Pennsylvania, and Washington, reached a settlement with student loan servicer Navient Corporation and related entities (collectively, “Navient”) to...more

Goodwin

Virginia AG Settles with Student Debt Relief Company

Goodwin on

On March 3, Virginia’s Attorney General announced that the state reached a settlement with a student debt relief company for alleged Virginia Consumer Protection Act (VCPA) violations. The simultaneously filed complaint...more

Goodwin

FTC Accuses Student Loan Debt Relief Operation of Deceiving Consumers

Goodwin on

On February 7, 2018, the Federal Trade Commission (“FTC”) announced an enforcement action against a student loan debt relief operation, claiming it deceived consumers out of $28 million by falsely promising that their monthly...more

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