Seniors Among Hardest Hit by Foreclosure Rescue Scams; Today’s Launch of the Consumer Financial Protection Bureau is Critical

WASHINGTON, D.C. – July 25, 2011 – (RealEstateRama) — The Lawyers’ Committee for Civil Rights Under Law applauds today’s launch of the Consumer Financial Protection Bureau (CFPB). To mark this momentous date in the fight for consumer protections, the Lawyers’ Committee released an issue brief on the severe impact of the ongoing foreclosure rescue scam crisis on older Americans. Scammers are preying on distressed homeowners by offering much-needed foreclosure counseling or loan modification assistance for a fee, yet failing to deliver any results-or refunds-in the end.