Franklin American Mortgage Company has agreed to pay the United States $70 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced …
On August 16th I wrote about a Department of Justice blog post about debt settlement that was, let’s politically say, perplexing. Ah what the hell, it was just plain old fucked up. The Department of Justice made some very uninformed statements about debt settlement, like “Fraudulent debt relief companies will often make claims of being …
(Try saying that title ten times fast) In March of this year the Federal Trade Commission (FTC) stepped up it’s efforts against scams that targeted financially strapped consumers with more than 90 actions brought by the commission and its law enforcement partners in a investigation called “Operation Empty Promises.” Within this investigation the FTC looked …
A tipster (send in your tips here) that is apparently closely scrutinizing credit counseling agencies has forwarded to me a recently Freedom of Information Act request that the U.S. Department of Justice responded to. What I found interesting was the amount of money the DOJ wanted in order to respond to the FOIA request on …