Published On: January 6, 2021

CFPB Charges Performance SLC and Performance Settlement, Daniel Crenshaw, with Using Deceptive Tactics

MUSINGS BY DIANE:

student loanYet another student loan “workout” company has been charged with receiving illegal fees and engaging in deceptive acts and practices.  In this case approximately $9.2 million in illegal upfront fees.  I feel bad for the law enforcement agencies seeing this same outrageous and fraudulent actions again and again.  But I really get upset at the pain and suffering these horrible people are suffering on the innocent borrower who is trying to workout payments on their student loans.  I know too well how how this causes unnecessary stress – resulting in difficulty at work and home, physical illness and a general distrust of the entire student loan system.

– Diane L. Drain
Knowledge is Power -light shining on a book
By |Published On: January 6th, 2021|Last Updated: February 24th, 2021|

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About the Author: Diane Drain

Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.

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You and Jay are the best attorneys I have ever had or needed and thank God for the Honorable Robert Gottsfield in recommending you folks – I would have never made it through the entire process without you and Jay and God Bless you both always and stay in touch as well. You folks are the BEST OF THE BEST in Arizona.

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