CFPB v. RAM Payment, LLC

RAM Payment, LLC, Account Management Systems, LLC, Gregory Winters, and Stephen Chaya allegedly substantially assisted student loan and traditional debt relief service providers in requesting or accepting advance fees for debt relief services in violation of the Telemarketing Sales Rule (TSR); allegedly engaged in deceptive acts or practices in violation of the Consumer Financial Protection Act of 2010 (CFPA); and allegedly engaged in unfair acts or practices in violation of the CFPA by disbursing unearned fees for student-loan debt relief services after consumers had unenrolled from or canceled the services, according to CFPB.

Summary generated from official Consumer Financial Protection Bureau press release