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WASHINGTON—The operators of a student loan debt relief scheme have been banned from providing debt relief services and have agreed to settle Federal Trade Commission charges that they collected illegal upfront fees and falsely promised to lower or even eliminate consumers’ loan payments or balances, the FTC reported.

ALEXANDRIA, Va.—The U.S. District Court for the Eastern District of Virginia has dismissed a class action lawsuit related to the Military Lending Act's (MLA) exception for motor vehicles. Among the points in the decision, the court determined Guaranteed Auto Protection (GAP) insurance is directly related to the purchase of a vehicle loan.

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