Minnesota just shut down a student-loan forgiveness company accused of illegally taking money from borrowers for services they could've gotten for free
Minnesota just shut down a student-loan forgiveness company after finding it was accused of illegally taking money from borrowers.his office reached a settlement that requires California-based student-debt relief company, Direct Account Management, to cease its operations in the state and pay back $20,063.12 — the full amount it collected from Minnesota borrowers. This marks the 13th time Ellison has shut down a student-debt relief company in the state over fraudulent behavior.
"Minnesotans take out student loans in good faith so they can get educations that will help them better afford their lives. My office is showing once again that when companies take advantage of that good faith to rip Minnesotans off, we will come after them," Ellison said in a statement."I encourage any Minnesotan who's been preyed upon by this company or others like it to contact my office so we can hold these bad actors accountable.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Minnesota developer Oppidan pitches redevelopment of aging industrial site in Fremont - Silicon Valley Business JournalThe existing warehouses, all built in the mid 20th century, were previously host to manufacturing tenants.
Read more »
Michigan State basketball vs. Minnesota postponed after campus shooting in East LansingIt's unclear when or if Michigan State will make up its game against Minnesota after a shooting on campus resulted in three deaths and five other serious injuries, along with the death of the alleged shooter.
Read more »
Minnesota convicted murderer on the loose after skipping trial, may be armed with AR-15: officialsRalph Apmann, 58, is being sought around the Twin Cities metro area in Minneapolis after he was convicted of second-degree murder but never showed up for his trial.
Read more »
How good is ChatGPT at writing real-estate listings? OK, with 'cringe.'A writer of 5,000 real-estate listings critiqued ChatGPT's attempts. Certain lines made her 'cringe,' but she expects brokers to choose the free AI chatbot over her anyway.
Read more »
Salesforce CEO Marc Benioff took 10-day digital detox after layoffsSalesforce CEO says he took a 10-day 'digital detox' trip to French Polynesia in the wake of company layoffs
Read more »
Abortion pill: Women will die if mifepristone banned, Democratic AGs argueThere will be an 'unprecedented spike' in maternal mortality if a Trump-appointed judge bans the abortion pill, Democratic attorneys general argue
Read more »