Student Loan Biz's $1M TCPA Deal Gets Initial OK

By Sophia Morris (June 26, 2018, 4:45 PM EDT) -- A California federal judge on Monday preliminarily approved a $1.1 million settlement between consumers and a student loan management company accused of violating the Telephone Consumer Protection Act by using an automatic dialing system to place unwanted calls.

U.S. District Judge Jon S. Tigar certified a settlement class led by named plaintiff Winifred Cabiness, saying that the deal reached between consumers and Educational Financial Services LLC, which does business as Campus Debt Solutions, is fair and reasonable. He noted that had the litigation continued, consumers might have gotten nothing given that Campus Debt Solutions is currently winding down its operations....

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