Operators of Student Loan and Mortgage Debt Scheme Settle FTC Charges

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The defendants are also banned from collecting and profiting from customers’ personal information. The order, issued by the FTC, includes a judgment of more than $9 million, representing gross revenues of the defendants unlawful operation, minus refunds. Due to inability to pay, the order partially suspends the monetary judgment. Monetary judgment will commence after defendants turn over all of their assets, which is approximately $305,000.

Bloom Law Group (also doing business as Home Shielf Network and Keep Your Home USA) was also a defendant who participated in the scheme to defraud thousands of consumers. However, the Federal Trade Commission reached a settlement with their organization earlier this year. Similarly to recent settlements, Bloom Law Group was also unable to pay. They turned over all of their assets, totaling $54,000.