One of the nation’s largest providers of automobile financing, Santander Bank, has agreed to pay $26 million to end a two-state investigation into the financial institution’s alleged violation of state consumer protection laws related to its auto loan underwriting practices. [More]
Maura Healey
Xerox Pays $2.4M To Settle Allegations It Overcharged Student Loan Borrowers
By 11.23.16
Xerox does a lot more than make huge copy machines for your office. For more than a year, the company’s student loan servicing division has been under state and federal investigation for allegations that it violated debt collection laws and overcharged borrowers. Now Xerox has agreed to pay $2.4 million to close the book on one such investigation in Massachusetts. [More]
Mass. AG, Lawmakers Call For More Assistance For Former Corinthian College Students
By 9.2.15
Ever since for-profit education chain Corinthian Colleges Inc. closed its Everest University, WyoTech and Heald College campuses, leaving tens of thousands of students with millions of dollars in loans, consumers advocates, legislators and others have urged the Department of Education to relieve former students of their debt burdens. Those calls for help continued on Tuesday with renewed pressure from Massachusetts Attorney General Marua Healey and Sen. Elizabeth Warren calling on the Dept. to rid victims of the defunct for-profit college of unsustainable loan payments. [More]
AGs: Ringless Robocalls Are Still Robocalls, Shouldn’t Be Allowed
The Republican National Committee and the lobbyists at the U.S. Chamber of Commerce might think that “ringless” robocalls — automated, prerecorded phone calls that go straight to voicemail — are just fine, but the top legal advisors in several states believe the opposite. Now they’re urging the Federal Communications Commission to oppose a petition that would allow telemarketers to use them. [More]