Washington attorney general sues over student loan practices

April 8, 2015 12:53 AM

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Washington Attorney General Bob Ferguson has filed a lawsuit against a student loan processing company, accusing the firm of exploiting student loan borrowers for profit.

The lawsuit filed Monday says StudentLoanProcessing.US and its president, James Krause, violated Washington's Debt Adjusting Act and Consumer Protection Act. It says the company charged illegally high fees and failed to inform customers of their rights.

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