CFPB Takes Action to Shut Down Illegal Student Debt Relief Scheme

Student Loan Processing.US and Owner Charged Student Loan Borrowers Millions in Illegal Fees

WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) requested that a federal district court enter a final judgment and order that would shut down a student debt relief scheme that charged borrowers millions of dollars in illegal upfront fees for federal student loan services. If approved by the court, the proposed judgment would ban the company, Student Loan Processing.US, and its sole owner, James Krause, from any future involvement in debt relief and student loan services. The order would also require the company to pay refunds to thousand…
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