Mortgages, Scams | JD Supra

CFPB report highlights problems military families have experienced with digital payment apps

Ballard Spahr LLP on 6/26/2023

On June 20, 2023, the Consumer Financial Protection Bureau (“CFPB”) issued its Office of Servicemember Affairs Annual Report, which analyzes consumer complaints received from servicemembers, veterans, and their families for...more

Don’t Let Someone Steal Your Home

Whitman Legal Solutions, LLC on 9/6/2022

How the Home-Stealing Scam Works - These facts are based on a news report from NBC4.com. I've added to the scenario to fill in the gaps. A couple, whom I’ll call the Smiths, received a letter supposedly from the County...more

Protect Yourself from Mortgage Refinance Fraud

Whitman Legal Solutions, LLC on 8/4/2022

This article discusses a common type of mortgage foreclosure fraud and how borrowers can protect themselves against scams. The facts in this article, as well as the location and names of companies and individuals, are...more

Wiley Consumer Protection Download (December 13, 2021)

Wiley Rein LLP on 12/14/2021

Thank you for your interest in the Wiley Consumer Protection Download! This will be our last publication of 2021, with our bi-weekly newsletter returning in January 2022. Welcome to Wiley’s update on recent developments...more

Wiley Consumer Protection Download (March 1, 2021)

Wiley Rein LLP on 3/2/2021

Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory...more

Financial Daily Dose 11.06.2019 | Top Story: Walgreens Boots Working With PE Firms to Go Private

Robins Kaplan LLP on 11/6/2019

Bloomberg is reporting that Walgreens Boots is weighing a potential deal “to take the company private in what could become the largest leveraged buyout in history.” PE firms like KKR are apparently in the mix to assist in the...more

Consumer Financial Protection Bureau Files Complaint Alleging Defendants Engaged in Unlawful Conduct in Connection with Mortgage...

Ballard Spahr LLP on 9/13/2019

On September 6, 2019, the Bureau filed a complaint in federal court in the Central District of California against Certified Forensic Loan Auditors, LLC (CFLA) and Andrew Lehman (Lehman) in connection with their offering,...more

Ninth Circuit Affirms FTC Act Violations Against Alleged Mortgage Relief Scammers

Manatt, Phelps & Phillips, LLP on 8/5/2019

The Ninth Circuit refused to allow various defendants to escape liability for a variety of alleged mortgage relief scams, affirming judgments based on violations of the FTC Act and the federal Mortgage Assistance Relief...more

FTC Halts Mortgage Loan Modification Scam

Manatt, Phelps & Phillips, LLP on 3/1/2018

The Federal Trade Commission (FTC) put a stop to a mortgage loan modification operation, filing suit in Nevada federal court alleging violations of the Mortgage Assistance Relief Services (MARS) Rule and the FTC Act....more

11th Circuit Affirms FTC's $13.5 Million Judgment Against Mortgage Relief Fraudster

Ballard Spahr LLP on 11/10/2017

On November 2, 2017, the U.S. Court of Appeals for the 11th Circuit affirmed a $13.5 million judgment that the FTC obtained against a group of individuals, law firms, and related entities that engaged in a massive nationwide...more

How to Protect Yourself from Financial Disaster in the Wake of a Natural Disaster

Bradley Arant Boult Cummings LLP on 9/8/2017

In light of Hurricane Harvey and all the damage that it caused, as well as the potential damage that may be inflicted by Hurricane Irma, the Consumer Financial Protection Bureau (CFPB) has provided advice on measures to take...more

CFPB Examines Complaints Filed By Older Consumers

Goodwin on 6/15/2017

On May 31, 2017, the Consumer Financial Protection Bureau (CFPB) issued its Monthly Complaint Report, this month complaints by consumer aged 62 and older. The CFPB drew its analysis of more than 103,100 complaints from its...more

Advertising Law - September 2016 #2

Manatt, Phelps & Phillips, LLP on 9/15/2016

FTC Gives Academic Journals a Failing Grade - The Federal Trade Commission recently filed suit against the publisher of online academic journals that the agency accused of deceiving academics and researchers. OMICS...more

Advertising Law - May 2016 #4

Manatt, Phelps & Phillips, LLP on 5/26/2016

NAD Vacuums Up Preference Claims - In a challenge brought by a competing vacuum manufacturer, the National Advertising Division recommended that SharkNinja discontinue a claim that "Americans now choose Shark 2-to-1 over...more

CFPB goes after another mortgage modification business

Ballard Spahr LLP on 12/13/2012

The CFPB announced that on December 3, 2012, it filed a second action in the U.S. District Court for the Central District of California seeking to shut down an alleged mortgage modification scam....more

CFPB Halts Alleged Nationwide Mortgage Loan Modification Scams

Stinson - Corporate & Securities Law Blog on 12/12/2012

The CFPB has announced actions to halt two alleged mortgage loan modification scams it believes ripped-off thousands of struggling homeowners across the country. According to the CFPB, these operations took in more than $10...more

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