CFPB Refunds: Loan Modification Scam Victims

Quick Answer: The CFPB is providing refunds to consumers who paid fees to Siringoringo Law Firm between July 22, 2011 and July 26, 2013 for loan modification services that violated federal regulations. Victims who haven’t received checks can file claims at www.stoploanscams.org to recover fees paid to this fraudulent operation.The Consumer Financial Protection Bureau (Bureau) …

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FTC Raid Complaints: Doc Prep Staff Vanished

Quick Answer: The FTC raided American Home Servicing Center and related debt relief companies operating as “Documentation Preparation Companies,” with staff at one location fleeing so quickly they left computers running and personal items behind. The court appointed a receiver to take control of the companies after approving a temporary restraining order.Another debt relief company …

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FTC Sues Debt Relief Scam: Is It Legit?

Quick Answer: The FTC lawsuit against Good EBusiness LLC (operating as The AAP Firm) confirms this is a debt relief scam that charged illegal advance fees of $1,000-$5,000 for mortgage modifications and $500-$800 for student loan services. The operation has been temporarily halted by federal court order while the FTC seeks permanent shutdown and consumer …

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Mortgage Relief Marketers & Danielson Law Group Settle With FTC

Quick Answer: Utah-based Danielson Law Group and related defendants settled FTC charges for defrauding consumers seeking mortgage relief by charging $500-$3,900 for worthless services. The settlement permanently bans Philip J. Danielson and his associates from offering mortgage assistance or debt relief services after falsely promising attorney-negotiated loan modifications.A group of Utah-based defendants claiming to be …

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FTC Mortgage Scam Settlement: What It Means

Quick Answer: The FTC obtained a settlement banning eight defendants from the Freedom Companies operation from providing mortgage assistance services after they allegedly collected over $2 million from Spanish-speaking homeowners while falsely claiming government affiliation. The defendants, operating from the Dominican Republic while pretending to be in Chicago, are permanently prohibited from the mortgage assistance …

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FTC Complaints: Mortgage Consultants Charged

Quick Answer: The FTC charged Mark Nagy Atalla and his companies American Mortgage Consulting Group and Home Guardian Management Solutions for fraudulent mortgage relief services since 2011. The defendants allegedly falsely claimed government affiliation, pretended to be attorneys, charged upfront fees of $1,495-$4,495, and violated nearly every provision of federal mortgage assistance rules.The FTC alleged …

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New Life Financial Solutions, 1st United Consultants, and Expense Management America Exposed by Get Out of Debt Guy and Nailed by FTC

Quick Answer: The FTC filed suit against New Life Financial Solutions, 1st United Consultants, and Expense Management America for fraudulent financial relief schemes. GetOutOfDebt.org had been warning consumers about these suspicious practices since 2011 before federal regulators took action.As far back as early 2011, the GetOutOfDebt.org site has been publishing information about and warning consumers …

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CFPB Loan Modification Complaints: What Records Show

Quick Answer: The Consumer Financial Protection Bureau filed suit against Chance Gordon and multiple associated entities in July 2012, alleging violations of the Mortgage Assistance Relief Services Rule for selling illegal advanced fee loan modification services. The CFPB obtained a temporary restraining order freezing defendants’ assets and appointing a receiver on the same day the …

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