Defendants in Phony Mortgage Relief Scheme to Pay Nearly $3.6 Million; Orders Ban Them from Mortgage Relief Business
Type: Press ReleaseThe South Florida-based defendants in an alleged mortgage relief scam will surrender their assets and be banned permanently from providing mortgage relief and debt relief services to consumers under a settlement with the Federal Trade Commission. This settlement represents the FTC’s largest...
Type: Press ReleaseThe Federal Trade Commission is teaming up with other government agencies and organizations to mark the first Military Consumer Protection Day (MCPD) on July 17 and kick off a year-round campaign to empower military and veterans’ communities with resources to deal with managing money, protecting...
Type: Press ReleaseThe Federal Trade Commission filed suit in federal court to halt a mortgage relief scheme that allegedly deceived and preyed on distressed homeowners by charging them $2,000 to $4,000 based on bogus foreclosure rescue claims.
Federal Trade Commission, Plaintiff, v. EMC Mortgage Company, a Delaware corporation, and The Bear Stearns Companies LLC, a Delaware limited liability company, Defendants
Type: Public EventThe FTC hosted a public workshop to explore consumer protection issues arising from the emergence of "nontraditional" or "alternative" mortgage products in the United States residential mortgage marketplace. The workshop provided an opportunity for government regulators, industry...
16 C.F.R. Part 322: Mortgage Assistance Relief Services; Final Rule and Statement of Basis and Purpose
Type: Federal Register Notice
A to Z Marketing, Inc., also d/b/a Client Services; Apex Members, LLC, also d/b/a Apex Solutions, also d/b/a MacArthur Financial Group, et al.
Mortgage Broker Targeting U.S. Servicemembers Will Pay Record $7.5 Million to Settle Alleged Telemarketing Violations
Type: Press Release
Type: Public EventHousing and mortgage market turmoil is affecting the financial security of countless hardworking Americans, and raising questions about the adequacy of consumer protection regulations in mortgage and housing markets. Concerns about increases in delinquencies and foreclosures have led...
Marketers of Alleged "Mass Joinder" and "Forensic Loan Audit" Mortgage Relief Services Scams Settle FTC Charges, Agree to Surrender Assets and Halt Deceptive Conduct
Type: Press ReleaseThe defendants behind an alleged mortgage relief scam have agreed to settle FTC charges that they deceived cash-strapped consumers into believing they could hold onto their homes and reduce their mortgage payments by either suing their mortgage lenders in so-called “mass joinder” lawsuits or...