American Financial Benefits Center (AFBC) was a private company based in Sacramento, California, that marketed itself as a third-party processor for federal student loan programs. The company's business model focused on assisting student loan borrowers with identifying and applying for programs offered by the U.S. Department of Education, such as income-driven repayment plans and loan forgiveness. However, in 2018, the Consumer Financial Protection Bureau (CFPB) took enforcement action against AFBC, finding that the company illegally charged consumers upfront fees for these services and deceptively misrepresented its affiliation with the government. The company was subsequently ordered to cease operations.

Founded in

United States