CFPB-PR-241204-2 (12-04-24) CFPB Bans Student Loan Pro and Owner for Fee Harvesting Scheme – Company unlawfully charged upfront fees to borrowers for accessing free debt relief programs Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action to permanently ban Student Loan Pro and Judith Noh, its owner, from offering or providing consumer […]
Category: Advance Fee Fraud
Advance Fee Fraud is a scam where victims are tricked into paying upfront fees for promised services or benefits that are never delivered. Common types include lottery scams, loan scams, job placement scams, and investment scams. Warning signs include unsolicited offers, pressure tactics, requests for upfront payments, and lack of proper documentation. To protect against such fraud, individuals should conduct thorough research, remain skeptical of unexpected communications, avoid upfront fees, and consult professionals when in doubt. Awareness and caution are crucial in preventing financial losses from these deceptive schemes.
( Advance Fee Fraud – Article ) ( Articles ) ( Advance Fee Fraud ) Advance Fee Fraud Advance Fee Fraud (AFF) is a type of scam where victims are persuaded to pay upfront fees for a promised service or benefit that is never delivered. This deceptive practice has been prevalent for many years and can […]