EDMC to forgive $102 million in student loans nationwide
Tennessee Attorney General Herbert H. Slatery III, along with the Tennessee Division of Consumer Affairs, today announced a settlement with Education Management Corporation (EDMC) that will lead to major reforms and student loan forgiveness. As part of the agreement, EDMC, a for-profit education company, is required to significantly reform its recruiting and enrollment practices, and forgive more than $2.1 million in loans for over 1,400 former Tennessee students.
EDMC, based in Pittsburgh, Pennsylvania, operates 110 schools in 32 states and Canada through four education systems, including Argosy University, The Art Institutes, Brown Mackie College and South University...read the EDMC release.
Customers eligible for refunds must file by February 27, 2016
Tennessee Attorney General Herbert H. Slatery III, along with the Tennessee Division of Consumer Affairs, today announced a settlement with Elavon, Inc. to resolve allegations that the company violated state consumer protection laws. With offices in Knoxville, Elavon, Inc. and its subsidiary, Ladco Financial Group, LLC, is a global company specializing in products and services that enable retailers to process credit card transactions.
Today's settlement resolves allegations that Elavon violated the law by misrepresenting: (1) the cancellation policy of its credit card processing equipment leases; (2) the duration of credit card processing equipment leases; and (3) the compatibility of credit card processing equipment...read the Elavon release.
Approximately 200,000 T-Mobile users in Tennessee Potentially Impacted
Recent reports estimate 15 million T-Mobile customers nationwide, and roughly 200,000 Tennesseans, who applied for credit through Experian are at risk of having their data compromised. The data breach occurred when an unauthorized party gained access to an Experian server containing personal information, including names, addresses, birth dates, social security numbers, driver's license numbers and passport numbers...read the Experian release.
Tennessee Attorney General Herbert H. Slatery III, along with the Tennessee Division of Consumer Affairs and 48 other states, today announced a $71 million nationwide settlement with Amgen Inc. to resolve allegations that the company violated state consumer protection laws. Amgen Inc. is a California based biotechnology company that manufactures and sells pharmaceutical products, including Aranesp and Enbrel.
Today's settlement resolves allegations that Amgen unlawfully promoted both medications. The Complaint and Agreed Final Judgment alleges that Amgen violated the law by: (1) promoting Aranesp for dosing frequencies longer than the FDA approved label without competent and reliable scientific evidence to substantiate the extended dosing frequencies; (2) promoting Aranesp for anemia caused by cancer without having FDA approval or competent and reliable scientific evidence to support it; and (3) promoting Enbrel for mild plaque psoriasis even though Enbrel is only approved by the FDA to treat chronic moderate to severe plaque psoriasis...read the Amgen release.
Tennessee Attorney General Herbert H. Slatery III and Bill Giannini, acting Director of the Tennessee Division of Consumer Affairs, along with 46 other states and the Consumer Financial Protection Bureau, announced a $136 million nationwide settlement with Chase Bank USA N.A. and Chase Bankcard Services Inc.
The agreement requires Chase to significantly reform its credit card debt collection practices and cease collections on more than a half million people nationwide. Among other reforms, the agreement requires new safeguards to help ensure debt information is accurate, provides additional information to consumers who owe debts, and bars Chase's debt buyers from reselling consumer debts to other purchasers...read the Chase release.
Tennessee Attorney General Herbert H. Slatery III announced today the merger of two large national chains of deep discount stores, Dollar Tree, headquartered in Chesapeake, Virginia and Family Dollar, headquartered in Matthews, North Carolina. As part of the agreement, Dollar Tree will be required to divest hundreds of Family Dollar stores nationwide, including stores in Memphis and Nashville.
Working with the Federal Trade Commission, Tennessee and 16 other State Attorneys General are requiring Dollar Tree to sell more than 300 Family Dollar stores to a new competitor in order to complete the $9.2 billion acquisition. The affected stores will be sold to Sycamore Partners to be re-branded as DollarExpress, a new chain of deep discount stores...read the Dollar Tree release.
Tennessee Attorney General Herbert H. Slatery III announced today that the U.S. District Court for the District of Columbia has issued an order temporarily blocking the merger of Sysco and US Foods. The court order states that a preliminary injunction is in the public interest as there "is a reasonable probability that the proposed merger will substantially impair competition."
Tennessee, along with ten other states, joined the Federal Trade Commission (FTC) in seeking a temporary restraining order and preliminary injunction to prevent the proposed merger between the nation's two largest food distributors until the FTC completes an administrative hearing. The hearing, scheduled to begin July 21, 2015, will determine whether the proposed combination would violate the antitrust laws...read the Sysco, US Foods release.
Tennessee Attorney General Herbert H. Slatery III and Bill Giannini, Acting Director of the Tennessee Division of Consumer Affairs today announced a settlement with RadioShack over the sale of its customers' personally identifiable information. Tennessee played a leading role in a thirty-eight state coalition to oppose the sale of consumer data.
The settlement will limit information RadioShack can share with new owner General Wireless. General Wireless will only use the information they obtain from RadioShack in the continued operation of the RadioShack brand...read the Radio Shack release.