Consumer Finance Insights
November 11, 2015

Washington Attorney General Victorious Against Student Loan Debt Adjustment Company

​​On November 10, 2015, the Washington Attorney General announced ​it received a judgment in Washington Superior Court against a student loan debt adjustment company for allegedly overcharging students and collecting unlawful fees. The judgment comes approximately three months after summary judgment was entered in favor of the Attorney General, as was reported ​by the Consumer Financial Enforcement Watch. ​The judgment requires the company and its president to pay $144,896 to refund its customers and an additional $124,000 for costs, attorney’s fees, and monitoring future compliance with applicable Washington laws. The judgment also included an additional​ $150,000 in penalties that will remain suspended so long as the company complies with the terms of the agreement.