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The Federal Trade Commission (FTC) has released a list of mortgage relief and debt assistance companies and people who have been banned, by federal court orders, from participating in some or all types of the business of debt relief. The FTC has sued over 500 companies and individuals who broke the law.
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FTC Halts California Based Brookstone Law Mortgage Relief Scam July 12, 2016 – 8:35 pm The Federal Trade Commission has charged the operators of a mortgage relief scam with bilking millions of dollars from homeowners by falsely telling them they could join a so-called "mass joinder" lawsuit that would save them from foreclosure and provide.
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The Federal Trade Commission ordered Wealth Educators and its president to stop offering mortgage relief services since it was accused of failing to provide the help they promised homeowners.
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A group of Utah-based defendants claiming to be legal experts in loan modifications have settled Federal Trade Commission charges that they broke the law by conning consumers into paying hefty fees for worthless mortgage relief services. The five proposed orders settling the FTC’s charges ban the defendants, led by Philip J. Danielson and his company, [.]
Low bar: How lawyers profit off desperate homeowners – Center. – Citing hundreds of millions of dollars in losses to scams, in 2010 the FTC issued the Mortgage Assistance Relief Services, or MARS, Rule to stop the practice. The rule barred companies from taking advance fees for foreclosure relief, which the government viewed as the primary trap for homeowners.
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Phone carriers have the technology to use caller authentication services, but so far no law requires them to use it. In a statement supporting the TRACED Act, FTC Commissioner. things like debt.