Credit, Debt, & Lending
Notable actions
Settlement with Yellowstone Capital
The OAG has settled a lawsuit against Yellowstone Capital for making illegal high-interest loans to small businesses disguised as merchant cash advance transactions. All merchant debt is automatically canceled under the settlement.
Read more about the Yellowstone settlement
Information about student debt relief companies
Many consumers have federal student loans issued by the United States Department of Education (DOE). The DOE offers various programs to help consumers with respect to their federal student loans. Consumers can apply for these programs themselves for free.
Resources
Consumer Frauds and Protection Bureau
The Consumer Frauds and Protection Bureau prosecutes businesses and individuals engaged in fraudulent, misleading, deceptive, or illegal trade practices. In addition to litigating, the bureau mediates thousands of complaints each year from individual consumers.