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Settlement results in $7 million in loan relief for former ITT studentsSeptember 15, 2020 Steve Rogers, FRANKFORT, Ky. WTVQ A multi-state settlement will result in more than $7 million in debt relief for former ITT Technical Institute students in Kentucky with loans from PEAKS Trust.The settlement resolves allegations that PEAKS and Deutsche Bank divisions violated consumer protection laws by offering deceptive loans to finance student tuition at ITT locations in Louisville, Lexington, and across the country, accord [url=https://www.stanley-cup-website.us]stanley website[/url] ing to an announcement by Attorney General Daniel Cameron.PEAKS Trust and Deutsche Bank entities violated consumer protection laws when they failed to explain the terms of tempora [url=https://www.stanley-cup.com.de]stanley cup[/url] ry credits and coerced students into agreeing to the terms of PEAKS private loan program, said CameronOur settlement will provide debt relief for the financial loss suffered by Kentucky ITT students as the result [url=https://www.stanley-cups.de]stanley cup[/url] of PEAKS deceptive business practices, Cameron stated.The Attorney Generals Office of Consumer Protection, together with 47 attorneys general and the Federal Consumer Financial Protection Bureau, reached a settlement with Deutsche Bank entities and PEAKS, a private loan program affiliated with Deutsche Bank and operated by bankrupt ITT.The settlement provides $7.2 million in debt relief to Kentucky borrowers of more than 1,000 PEAKS loans.Nationally, the settlement will result in debt relief of over $330 million for approximately 35,000 borrowers with outsta Mwpt KSP: Two-year old finds gun, shoots self in the head
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