FTC to Announce Rule to Protect Homeowners from Mortgage Relief Scams During Middle Class Task Force Event

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Media Advisory

During an event hosted by Vice President Joe Biden to announce initiatives to help middle class and low-income families secure their legal rights, Federal Trade Commission Chairman Jon Leibowitz will announce a new rule protecting homeowners from deceptive mortgage relief companies, and several law enforcement actions against mortgage loan modification and foreclosure rescue companies.

This event will be streamed live on www.whitehouse.gov/live

WHEN: Friday, November 19, 2010
WHO: Vice President Biden Remarks: 10:30 a.m. EST

Panel Discussion: 11 a.m. – 12:30 p.m.
FTC Chairman Jon Leibowitz; Secretary of Labor Hilda Solis;
Dept. of Justice Senior Counselor for Access to Justice Larry Tribe;
Dept. of Veterans Affairs & Dept. of Housing and Urban Development officials; and representatives from the legal advocacy community.

Attorney General Eric Holder Remarks: 12:30 p.m.
WHERE: Eisenhower Executive Office Building
Washington, DC
RSVP: The event is OPEN PRESS, but media must RSVP (name, media outlet, phone and e-mail for each person planning to cover the event) to press@ovp.eop.gov by 6 p.m. EST on Thursday, November 18. All press will enter the White House at the Northwest Gate. Press must wear a media credential at all times.

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