Tagged as: Loan Modification

Arizona AG Obtains Judgment and Injunction Against Mortgage Relief Operation

On July 27, 2017, the Arizona Attorney General’s Office (Arizona AG) announced that it had obtained a judgment​ against an allegedly fraudulent mortgage relief company and its owner.  The company is alleged to have targeted homeowners who were considering defaulting on “upside down” mortgages.  The company purportedly promised to take over…

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North Carolina Attorney General Secures $377,000 in Settlement with Private Student Lender

​On March 27, 2017, the North Carolina Attorney General (“AG”) announced that it had settled a lawsuit filed in the Wake County, North Carolina Superior Court against a student loan company. As a result of the settlement, the parties filed a consent judgment requiring that the company pay $377,048 in restitution…

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FTC Reaches $1.7 Million Settlement with Final Defendant in Mortgage Relief Scheme

FTC

On February 23, 2017, the Federal Trade Commission (FTC) announced that it entered into a settlement with the final individual defendant in an alleged mortgage relief scheme worth over $1.7 million. As a result of a joint federal-state enforcement sweep known as “Operation Mis-Modification,” the FTC filed a complaint in…

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FTC Secures $19.4 Million in Judgments Over Mortgage Relief Scheme

FTC

On January 11, 2017, the Federal Trade Commission (FTC) announced that it had agreed to two stipulated orders (available here and here) with individuals who participated in an alleged fraudulent mortgage relief scheme.  According to the FTC, the individuals promised consumers “at least $75,000” or complete relief on their mortgages through a “mass joinder lawsuit.”  The…

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CFPB Obtains Final Judgment in Illegal Fees Case Against Debt Relief Company

On March 18, 2016, the Consumer Financial Protection Bureau (CFPB) announced that a federal district court entered final judgment against a debt relief company over allegations the company charged illegal upfront fees and engaged in other deceptive business tactics. The CFPB filed suit against the company in 2013, alleging violations of the…

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FTC Secures Temporary Restraining Order Against Debt Relief Services Provider

FTC

​On February 25, the Federal Trade Commission (FTC) announced​​ that on February 16, the U.S. District Court for the Southern District of California entered a temporary restraining order against ​a debt relief provider that allegedly ​​deceptively marketed home loan modification services and student loan modification services.  The Complaint alleged that for several months…

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HUD Files Charges Against Home Loan Modification Providers That Allegedly Targeted Hispanic Homeowners

​On January 12, the U.S. Department of Housing and Urban Development (HUD) announced that it filed administrative charges against three California home loan modification assistance companies and their employees, alleging that they targeted Hispanic homeowners by charging thousands of dollars for services that were never provided or were ineffective.  HUD’s…

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North Dakota AG Issues Cease and Desist Order to Consumer Credit Company for Robocalls

On August 17, 2015, the North Dakota Attorney General’s Office announced it entered a cease and desist order against a regional consumer credit services company. According to the Attorney General, the company solicited business using illegal robocalls that promised interest rate reductions and other loan modification services. The company allegedly called…

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