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Consumer Financial Protection Bureau Takes Action Against Student Financial Aid Services, Inc. for Illegal Recurring Billing Scheme

Company to Pay $5.2 Million For Illegally Billing Over 100,000 Consumers

WASHINGTON, D.C. –-(ENEWSPF)–July 23, 2015.  Today the Consumer Financial Protection Bureau filed a complaint and proposed consent order in federal court against Student Financial Aid Services, Inc. for illegal sales and billing practices. The Bureau alleges that the company, which until recently operated FAFSA.com, lured in consumers with misleading information about the total cost of its subscription financial services and hit them with undisclosed…

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