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Violation Tracker Individual Record

Company: Consumer Advocacy Center Inc., dba Premier Student Loan Center
Penalty: $95,000,000
Year: 2022
Date: December 14, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Student Loan and For-Profit College Abuses
Violation Description: Consumer Advocacy Center Inc. agreed to pay $95 million in a settlement with the states of Minnesota and North Carolina, the Los Angeles City Attorney's Office, and the Consumer Financial Protection Bureau, of allegations the company violated states' consumer protection statutes, as well as the federal Consumer Financial Protection Act of 2010 and the Telemarketing Sales Rule by making deceptive representations about Premier's student loan debt relief services, as well as charged and collected improper advance fees before consumers had received any adjustment to their student loans or made payments towards an adjusted loan.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.