Authors Posts by Federal Trade Commission

Federal Trade Commission

Defendants in Dominican Mortgage Assistance Scam that Allegedly Defrauded Spanish-Speaking U.S. Homeowners Settle FTC...

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...

FTC Warns Mortgage Advertisers that Their Ads May Violate Federal Law

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.

FTC Begins Refund Process for Consumers Harmed by Mortgage Foreclosure ‘Rescue’ Scheme

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...

FTC Warns Consumers: Charity and Home Repair Scams May Appear After a Disaster

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...

FTC Cracks Down on Phony Mortgage Relief Schemes

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...

FTC Staff Submits Comment to CFPB on Mortgage Disclosure Forms

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...

FTC Approves Modified Final Order Settling Charges that CoStar’s $860 Million Acquisition of LoopNet...

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 ...

FTC Warns Consumers: Charity and Home Repair Scams May Appear After a Disaster

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...

At FTC’s Request, U.S. Court Hands Down Record $478 Million Judgment Against Marketers of...

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...

FTC Sends Refunds to Consumers Lured by Money-Making Scam

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...

FTC Sends Refunds to Consumers Allegedly Deceived by First Universal Lending Mortgage Loan Modification...

WASHINGTON, D.C. - August 9, 2012 - (RealEstateRama) -- The Federal Trade Commission mailed more than 13,000 refund checks to consumers who were allegedly deceived by a company that claimed it would negotiate with lenders to modify the consumers' mortg...

FTC Action Halts Dominican Mortgage Assistance Scam That Allegedly Defrauded Spanish-Speaking U.S. Homeowners of...

WASHINGTON, D.C. - July 30, 2012 - (RealEstateRama) -- At the request of the Federal Trade Commission, a U.S. district court has halted a nationwide scam operating from the Dominican Republic – but pretending to be in Chicago – that allegedly peddl...

FTC and Florida Attorney General Sue Timeshare Rental/Resale Operation for Deception

WASHINGTON, D.C. - July 19, 2012 - (RealEstateRama) -- The Federal Trade Commission and Florida Attorney General Pam Bondi brought legal action against a timeshare rental/resale telemarketing business and its owner for allegedly deceiving thousands of ...

Operators of “Debt Advocacy” Firm Settle with FTC, Must Pay More than $750,000

WASHINGTON, D.C. - June 21, 2012 - (RealEstateRama) -- The operators of an allegedly deceptive mortgage modification business will pay more than $750,000 in ill-gotten gains to settle Federal Trade Commission charges. The settlements also permanentl...

FTC Action Halts Alleged “Forensic Audit” Scam that Targeted Consumers in Danger of Losing...

WASHINGTON, D.C. - June 13, 2012 - (RealEstateRama) -- At the request of the Federal Trade Commission, a U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by ho...

FTC Places Conditions on CoStar’s $860 Million Acquisition of LoopNet

WASHINGTON, D.C. - April 26, 2012 - (RealEstateRama) -- The Federal Trade Commission will require CoStar Group, the largest provider of commercial real estate information services in the United States, to sell LoopNet's ownership interest in Xceligent,...

FTC Action Leads to Court Order Banning Final “U.S. Homeowners Relief” Defendants from Debt...

WASHINGTON, D.C. - April 6, 2012 - (RealEstateRama) -- At the request of the Federal Trade Commission, a federal court has imposed a court order with a $3.89 million judgment against defendant Samuel Paul Bain and three of his companies for their role ...

FTC Legal Action Halts Alleged Mortgage Relief Scammers Who Lured Homeowners with Bogus Claims

WASHINGTON, D.C. - March 22, 2012 - (RealEstateRama) -- At the request of the Federal Trade Commission, a U.S. district court has halted an operation that took in more than $1 million by allegedly selling homeowners bogus mortgage relief and foreclosur...

FTC Action Leads to Ban on Alleged Mortgage Relief Scammers Who Harmed Thousands of...

WASHINGTON, D.C. - February 14, 2012 - (RealEstateRama) -- At the request of the Federal Trade Commission, a U.S. district court put the mortgage relief business permanently off limits to marketers who allegedly charged thousands of consumers up to $2,...

FTC Extends Deadline for Comments in Two Proceedings: Regulatory Review of Textile Labeling Rules...

WASHINGTON, D.C. - December 29, 2011 - (RealEstateRama) -- In response to requests from stakeholders, the Federal Trade Commission has extended the deadlines for the public to submit comments in two different proceedings. The deadline to submit comment...

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MERCY HOUSING LAKEFRONT TO DOUBLE IMPACT IN CHICAGO REGION

Mercy Housing Lakefront (MHL) today announced their commitment to doubling their supply of affordable housing in the Chicago area. The affordable housing nonprofit aims to accomplish this goal with the help of more than $300,000 in sponsorship funding ...