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Please note: this meeting has been deferred.
Meeting Name: Committee on Consumer Affairs and Business Licensing Agenda status: Deferred
Meeting date/time: 10/11/2018 Deferred Minutes status: Deferred  
Meeting location: Committee Room - City Hall
Published agenda: Agenda Agenda Published minutes: Not available  
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Int 0052-2018 *Robert E. Cornegy, Jr.  Banning companies that charge a fee for “student debt relief” already provided by the federal government.IntroductionThis law is intended to ban businesses that offer student debt relief services for a fee. These businesses profit by charging vulnerable individuals exorbitant monthly fees for acting as middlemen in accessing services that are otherwise free from the federal government (with a phone call). The federal Department of Education has identified this practice as a “scam” and has warned holders of federal student loans about these businesses. This law also bans advertisements on behalf of such businesses and also includes a civil cause of action for individuals who fall victim to such businesses. These businesses typically advertise with signage in store front windows with a phone number to call.   Action details Not available