PA Attorney General enters into agreement prohibiting collections by buyer of private student loans
By EsqSocial Corporation 20/04/21
The Pennsylvania Attorney General recently entered into an Assurance of Voluntary Compliance with Elevation Capital Partners, LLC, a buyer of private student loans, that prohibits Elevation from engaging in any collection efforts, directly or through servicers, related to loans made to Pennsylvania borrowers who attended schools operated by Education Corporation of America (ECA) (ECA Loans). According to the AG’s press release about the agreement, ECA closed its schools in December 2018 due to...
By: Ballard Spahr LLP