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Authors Posts by Federal Trade Commission
Federal Trade Commission

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)

FTC to Announce Rule to Protect Homeowners from Mortgage Relief Scams During Middle Class...

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.

FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams

WASHINGTON, D.C. - November 19, 2010 - (RealEstateRama) -- Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable.

FTC Sues Two Mortgage Foreclosure “Rescue” Operations

As part of the Federal Trade Commission’s intensified efforts to protect consumers from mortgage foreclosure rescue scams, the agency has filed two lawsuits charging six individuals and their businesses with falsely claiming that they will stop foreclosure.

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