FTC Begins Rulemaking to Address Unfair and Deceptive Mortgage Practices

by Sabrina I. Pacifici on May 29, 2009

News release: “In an effort to better protect financially distressed homeowners, the Federal Trade Commission has initiated a rulemaking proceeding involving foreclosure rescue and loan modification services. The FTC is seeking public comment to determine whether certain practices by companies providing these services are unfair or deceptive and should be reined in by proposed rules that would set standards to protect consumers.”

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