Defendants in Dominican Mortgage Assistance Scam that Allegedly Defrauded Spanish-Speaking U.S. Homeowners Settle FTC Charges
January 8, 2013 Posted by Federal Trade Commission
WASHINGTON, D.C. – January 08, 2012 – (RealEstateRama) — As part of its continuing crackdown on scams that target consumers in financial distress, the Federal Trade Commission obtained a settlement order resolving charges against a nationwide scam ope…
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FTC Warns Mortgage Advertisers that Their Ads May Violate Federal Law
November 19, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – November 19, 2012 – (RealEstateRama) — After reviewing hundreds of mortgage advertisements, the Federal Trade Commission staff has sent letters to 20 companies, warning them that their ads may be deceptive.
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FTC Begins Refund Process for Consumers Harmed by Mortgage Foreclosure ‘Rescue’ Scheme
November 12, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – November 12, 2012 – (RealEstateRama) — To help Spanish-speaking consumers recover money lost to a scam that promised to stop foreclosure or obtain mortgage loan modifications, the Federal Trade Commission mailed claim forms this wee…
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FTC Warns Consumers: Charity and Home Repair Scams May Appear After a Disaster
October 31, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – October 31, 2012 – (RealEstateRama) — In the wake of Hurricane Sandy, the Federal Trade Commission reminds consumers that scams often follow disasters. The nation’s consumer protection agency warns people about urgent appeals for…
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FTC Cracks Down on Phony Mortgage Relief Schemes
October 9, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – October 9, 2012 – (RealEstateRama) — The Federal Trade Commission has filed three separate suits in federal court to halt the allegedly deceptive tactics of three operations that preyed on distressed homeowners by falsely claiming t…
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FTC Staff Submits Comment to CFPB on Mortgage Disclosure Forms
October 2, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – October 2, 2012 – (RealEstateRama) — The Federal Trade Commission’s staff submitted a comment to the U.S. Consumer Financial Protection Bureau on disclosure forms designed to help consumers understand the features, costs, and risk…
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FTC Approves Modified Final Order Settling Charges that CoStar’s $860 Million Acquisition of LoopNet was Anticompetitive
August 30, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – August 30, 2012 – (RealEstateRama) — Following a public comment period, the Federal Trade Commission has approved a modified final order settling charges that CoStar Group, Inc.’s $860 million acquisition of Loopnet would have been …
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FTC Warns Consumers: Charity and Home Repair Scams May Appear After a Disaster
August 30, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – August 30, 2012 – (RealEstateRama) — As Hurricane Isaac strikes the Gulf Coast, the Federal Trade Commission reminds consumers that scams often follow disasters. The nation’s consumer protection agency warns people about urgent ap…
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At FTC’s Request, U.S. Court Hands Down Record $478 Million Judgment Against Marketers of Massive Get-Rich-Quick Infomercial Scams
August 24, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – August 24, 2012 – (RealEstateRama) — At the request of the Federal Trade Commission, a U.S. district court ordered the marketers of three get-rich-quick systems, including “John Beck’s Free & Clear Real Estate System,” to p…
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FTC Sends Refunds to Consumers Lured by Money-Making Scam
August 10, 2012 Posted by Federal Trade Commission
WASHINGTON, D.C. – August 10, 2012 – (RealEstateRama) — The Federal Trade Commission is mailing 9,282 refund checks to consumers who were deceived by false promises that they could earn substantial income if they bought and followed the “Stefanchik Pr…
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