WA AG Ferguson announces recovery of more than $2 million for student-borrowers

  • 📰 KIRO7Seattle
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

According to Ferguson’s office, the debt adjusters unlawfully charged tens of thousands of dollars in excessive fees to thousands of students in Washington.

In 2023, Ferguson’s office sued three out-of-state debt adjusters, who are now required to fully reimburse 495 students $359,832.

In total his office has helped 2,652 Washington students help with 35 debt adjusters, resulting in payments averaging nearly $800 per student. “It is a chaotic time for millions of borrowers as student loan repayments resume after more than three years,” Ferguson said. “My office is committed to protecting Washingtonians from companies that take advantage of consumers who are simply trying to manage their debt.”to the Attorney General’s Office Consumer Protection Division.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 271. in LOANS

Loans Loans Latest News, Loans Loans Headlines