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FTC

Debt Relief Companies Under Scrutiny, New Regulations Could Rock The Industry

by AndrewAugust 4, 2009 debt relief

The recent rise in complaints about companies that promise debt relief and simply add to the misery of desperate families has caused the Federal Trade Commission to propose a change in the regulations that control Debt Relief finance providers. The modifications proposed by the FTC are huge and many are claiming it could spell disaster [...]

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Court halts bogus HOPE NOW operations

by Jay HammondMarch 29, 2009 Loan modification

A U.S. district court has ordered two companies, Hope Now Modifications, LLC, Hope Now Financial Services Corp. and New Hope Property LLC, to stop falsely advertising that they are part of the government-endorsed mortgage assistance network and that they successfully modify mortgages for almost all their clients or refund their money. The court order was [...]

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