Federal Trade Commission
FTC Staff Submits Comments to Federal Reserve on Making Fair Lending Law Stronger; FTC...
WASHINGTON, D.C. - December 17, 2010 - (RealEstateRama) -- The Federal Trade Commission staff has submitted comments to the Federal Reserve Board recommending ways the Board could strengthen the rules under the Home Mortgage Disclosure Act, which requires some mortgage lenders to collect and report loan data that the government uses to analyze whether they are complying with fair lending laws
FTC Action Puts Deceptive Marketer Out of the Debt Relief Business
WASHINGTON, D.C. - December 6, 2010 - (RealEstateRama) -- A deceptive advertising operation has been banned from the debt relief business under a settlement agreement with the Federal Trade Commission. As part of a continuing crackdown on scams that target consumers in financial distress, the FTC charged the defendants with deceptively claiming they could save consumers thousands of dollars by reducing their credit card debt.
FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams
WASHINGTON, D.C. - November 22, 2010 - (RealEstateRama) -- Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable
FTC to Announce Rule to Protect Homeowners from Mortgage Relief Scams During Middle Class...
WASHINGTON, D.C. - November 19, 2010 - (RealEstateRama) -- 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.
FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams
WASHINGTON, D.C. - November 19, 2010 - (RealEstateRama) -- Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable.
FTC Sues Two Mortgage Foreclosure “Rescue” Operations
As part of the Federal Trade Commission’s intensified efforts to protect consumers from mortgage foreclosure rescue scams, the agency has filed two lawsuits charging six individuals and their businesses with falsely claiming that they will stop foreclosure.
