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FTC considering ban on loan modification scams

Source: The Boston Globe

Chicago : IL : USA | 2 months ago

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The head of the Federal Trade Commission said Thursday the agency is considering banning upfront payments to companies that advertise help for borrowers who are in trouble on their home loans. Government officials say scammers seeking to take advantage of borrowers in danger of default often charge...

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News Stories

FTC files charges of fraud against home loan service

News Source: San Diego Union-Tribune | 2 months ago

This feature lets you search our site for stories with related terms. Just click on one of the related terms atop a news story and you'll get a page listing all the stories featuring that term...September 18, 2009 The Federal Trade Commission has...
Administration Pledges to End Housing Scams

News Source: Washington Post | 2 months ago

Holder Jr. and attorneys general from 12 states, met privately in Washington on the issue. It was a first meeting of its kind on the matter for federal and state authorities, who discussed methods for coordinating crackdown efforts, government...
McDaniel Talks Consumer Protection With Washington Bigwigs

News Source: The Morning News | 2 months ago

Arkansas Attorney General Dustin McDaniel met in Washington on Thursday with three members of President Obama's cabinet, Federal Trade Commission Chairman Tim Geithner and 11 other attorneys general to discuss consumer protection issues. Discussion...
Regulators consider ban on upfront fees for loan modification help

News Source: Los Angeles Times | 2 months ago

Federal regulators, taking aim at a common tactic used in mortgage frauds, will look at a nationwide ban on companies' charging upfront fees for helping homeowners modify loans to avoid foreclosures. The move comes as federal and state officials plan...
ABC News: Suspect Loan Modification Firm Hit with Civil Charges, Accused of ...

News Source: Androscoggin News | 2 months ago

San Diego, whose operations were essentially shut down after authorities raided the offices following reports on Good Morning America and World News. "In our case against the so-called Nation's Housing Modification Center, the malefactors guaranteed...
Federal crackdown targets mortgage fraud

News Source: MarketWatch | 2 months ago

Federal and state authorities on Thursday said they were beefing up efforts to protect consumers against fraud, particularly ones that prey on homeowners at risk of foreclosure. Attorneys general from 12 states attended the meeting with Treasury...