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Feds Ask Bing, Google, Yahoo To Watch For Student Loan Scams

  • NBC News, Thursday, June 25, 2015 10:26 AM
The federal government is asking Bing, Google, Yahoo and other search engines for help to stop online scammers who target Americans who are struggling to pay back student loans. These scammers often tell borrowers they can get them a special deal on a renegotiated loan if they will just pay a large upfront fee. Earlier this week the Consumer Financial Protection Bureau (CFPB) sent letters to Bing, Google and Yahoo asking them to watch for ads and search results when users type keywords like "student loan default," "student loan forgiveness" and "Obama student loan relief."

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1 comment about "Feds Ask Bing, Google, Yahoo To Watch For Student Loan Scams".
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  1. Sandra Lee from Luise, July 9, 2015 at 5:21 p.m.

    It’s not a surprise that someone wants to earn money on pure students being stuck in such financial hole. The other problem is that the government doesn’t hurry to change his problem with student debts. All these measures that the government seems to make are just news that don’t change the real situation and solve any problems. Today students even <a href="http://northnloans.ca/">find online payday loan companies</a> to have some extra money, and this is not a great solution due to quite high interests. That is why I think that the problem with students loan should be solved on the other level beginning with the high charges for education.

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