The Consumer Financial Protection Bureau (CFPB) on Mondaywrote to three web search engines -- Google, Bing and Yahoo -- to ask the companies to work with federal and state authorities to prevent "student debt relief scammers" from targeting distressed borrowers.
"The CFPB has seen an increase in the number of companies and websites requiring large up-front fees to help borrowers enroll in a plan that can be done for free," according to the CFPB. "While we have warned consumers about these scams, we are concerned that unscrupulous companies may be using aggressive advertising through search products to lure distressed borrowers."
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2015/06/23/cfpb-letter-student-debt-relief-scams