- The CFPB accused debt relief company GST Factoring, and four attorneys, of illegally collecting fees from consumers.
- In a complaint, the agency said the defendants illegally charged fees and encouraged borrowers "to stop paying their student loans altogether."
- 2,600 impacted borrowers will be receiving a collective $11 million in payments in the mail.
A federal consumer watchdog just cracked down on a student-debt relief company over predatory behavior.