FTC to Announce Rule to Protect Homeowners from Mortgage Relief Scams During Middle Class Task Force Event

FTC to Announce Rule to Protect Homeowners from Mortgage Relief Scams During Middle Class Task Force Event

WASHINGTON, D.C. – November 19, 2010 – (RealEstateRama) — During an event hosted by Vice President Joe Biden to announce initiatives to help middle class and low-income families secure their legal rights, Federal Trade Commission Chairman Jon Leibowitz will announce a new rule protecting homeowners from deceptive mortgage relief companies, and several law enforcement actions against mortgage loan modification and foreclosure rescue companies.

This event will be streamed live on www.whitehouse.gov/live

WHEN: Friday, November 19, 2010
WHO: Vice President Biden Remarks: 10:30 a.m. EST

Panel Discussion: 11 a.m. – 12:30 p.m.
FTC Chairman Jon Leibowitz; Secretary of Labor Hilda Solis;
Dept. of Justice Senior Counselor for Access to Justice Larry Tribe;
Dept. of Veterans Affairs & Dept. of Housing and Urban Development officials; and representatives from the legal advocacy community.

Attorney General Eric Holder Remarks: 12:30 p.m.

WHERE: Eisenhower Executive Office Building
Washington, DC
RSVP: The event is OPEN PRESS, but media must RSVP (name, media outlet, phone and e-mail for each person planning to cover the event) to "> by 6 p.m. EST on Thursday, November 18. All press will enter the White House at the Northwest Gate. Press must wear a media credential at all times.
MEDIA CONTACT:
Office of Public Affairs
202-326-2180
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Federal Trade Commission

The Federal Trade Commission (FTC) deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy.

The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.

Contact:

202-326-3224
1-877-FTC-HELP (1-877-382-4357)

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