On July 22, 2024, the Federal Trade Commission announced that the U.S. District Court for the Middle District of Florida had granted its motion for a temporary restraining order against a debt relief company that allegedly targeted Spanish-speaking consumers in Puerto Rico, among others.
The FTC has alleged that the company “pretended to be affiliated with the Department of Education and its loan servicers, and made false promises of low, permanently fixed monthly payments and loan forgiveness.”
The Court has ordered the company to temporarily halt its debt relief business and has frozen the company’s assets.
The FTC has brought this action under the Federal Trade Commission Act, the Telemarketing Sales Rule, and the Gramm-Leach-Bliley Act.
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