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Three Mortgage Brokers Arrested in Handcuffs from Mortgage Refinance Scam

California Attorney General Edmund G. Brown Jr. today announced that agents from his office have arrested Michael McConville, and two of his associates for their roles in a “criminal conspiracy” to steal nearly $1 million from borrowers seeking to refinance their homes. McConville and his co-conspirators lured dozens of borrowers into refinancing home loans by …

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California Attorney General Sues Foreclosure Consultant and Attorney Over Avoid Foreclosure Scheme

Attorney General Edmund G. Brown Jr. today sued a foreclosure consultant and an attorney — Paul Noe Jr. and Mitchell Roth – who conned 2,000 desperate homeowners into paying exorbitant fees for “phony lawsuits” to forestall foreclosure proceedings. These lawsuits were filed and abandoned, even though homeowners were charged $1,800 in upfront fees, at least …

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New York State Shuts Down Debt Collection Companies That Used Illegal Scare Tactics

Attorney General Andrew M. Cuomo announced that his office has shut down a New York collection operation that consisted of at least nine debt collection companies across Western New York, run by Buffalo resident Tobias Boyland. This is the latest action in Attorney General Cuomo’s ongoing investigation of unlawful debt collection practices. According to hundreds …

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Florida Credit Repair Firm, U.S. Credit Find, Reaches Settlement With Illinois Attorney General

Attorney General Lisa Madigan has shut down the alleged “phone cramming” operations of a Cape Coral, Fla., credit repair company that placed unauthorized charges on the phone bills of thousands of Illinois consumers, small businesses and local governments. Through a settlement agreement reached with the Attorney General, US Credit Find and its owner, Aaron Stanz, …

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Loan Modification Companies May Not Charge Up-Front Fees Says Florida Attorney General

Attorney General Bill McCollum announced that his office has filed a lawsuit against an Orlando loan modification company alleging the company was committing foreclosure rescue fraud. Three Angels Community Action Network and company president Sherrard A. Haugabrooks are named in the lawsuit filed in Seminole County Circuit Court. The lawsuit specifically alleges violations of Florida’s …

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Debt Settlement Companies May Not Be Paid For Services Not Yet Delivered Says MO AG

Missouri Attorney General Chris Koster has filed suit against a company that advertised to consumers it could get people out of credit-card debt and lower their monthly payments, but did not deliver the services it promised. Koster said the company, Credit Solutions of America in Richardson, Texas, marketed to Missourians that it could reduce their …

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Two Women Running Credit Repair Firm Lose to Arkansas Attorney General

Two women who ignored a lawsuit filed against them by the Arkansas attorney general’s office have not responded to a federal judge’s order that they pay nearly $700,000 in penalties for defrauding at least 139 Arkansans through a credit-repair scam. Meanwhile, the two women, Sherrye Mance and Tiffany Morris, are believed to have simply changed …

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Texas Attorney General Files Charges Against Four Debt Settlement Groups

Texas Attorney General Greg Abbott today charged four debt settlement companies with orchestrating fraudulent debt settlement schemes. The defendants’ Web sites promised that they could eliminate their customers’ unsecured debts – such as credit card accounts – in as little as three years. According to the state’s enforcement action, the defendants unlawfully misrepresented and overstated …

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New York Attorney General Sues Two Debt Settlement Firms for Deceiving and Harming Consumers

Attorney General Andrew M. Cuomo today announced a new development in his nationwide investigation into the debt settlement industry, filing suit against two debt settlement companies for fraudulent business practices and false advertising. Cuomo filed suit against CSA-Credit Solutions of America, Inc. (“CSA”), based in Richardson, Texas, which is one of the largest debt settlement …

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Illinois Attorney General Sues Two Debt Settlement Firms

Attorney General Lisa Madigan and Acting Secretary of the Illinois Department of Financial and Professional Regulation (IDFPR) Michael T. McRaith warned consumers facing significant credit card debt about the risks of debt settlement offers as she announced two lawsuits filed against debt settlement firms. Attorney General Madigan s lawsuits allege that these companies engage in …

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