S
Student Loan Movement
United States
Founded in
2016 (10 Years)
Founded
Last online: No recent activity
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This company is currently Unproved.
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A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Company Information
Get to know Student Loan Movement
Company Information
Get to know Student Loan Movement
Student Loan Movement, officially operating as SLM Group, Inc., was a California-based company that marketed student loan debt relief services to federal borrowers across the United States. The company claimed to help customers enroll in government programs for lower monthly payments or complete loan forgiveness by preparing and submitting application paperwork. However, the company became the subject of a major enforcement action by the Federal Trade Commission (FTC). The FTC found that the company deceptively charged consumers over $21 million in illegal upfront fees, falsely claimed an affiliation with the U.S. Department of Education, and made unsubstantiated promises of debt relief. In September 2022, a federal court order permanently banned the company and its operators from the debt relief industry.
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- Financial Other ServicePRIMARY
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