12 U.S.C. § 5538
Section 626 of this Act (now codified at 12 U.S.C. § 5538) directs the Federal Trade Commission to initiate rulemaking relating to unfair or deceptive acts or practices regarding mortgage loans, including loan modification and foreclosure rescue services. It also authorizes the FTC to enforce the rules and obtain civil penalties for violations. Under the Dodd-Frank Act, the rulemaking authority transferred to the Bureau of Consumer Financial Protection, but the FTC retains its enforcement authority.