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FTC Begins Claims Process for Victims of Lanier Law’s Mortgage Relief Scam

FTC Begins Claims Process for Victims of Lanier Law’s Mortgage Relief Scam

by Phil Hall | Jan 19, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Trade Commission (FTC) has started a claims process for consumers victimized by a phony mortgage relief operation known as Lanier Law that collected upfront fees of thousands of dollars and promised consumers lower monthly payments but failed to deliver....
FTC Shuts Down Real Estate Scam Targeting Spanish-Speaking Consumers

FTC Shuts Down Real Estate Scam Targeting Spanish-Speaking Consumers

by Phil Hall | Jan 18, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A lawsuit brought by the Federal Trade Commission (FTC) has shut down Ganadores Online and Ganadores Inversiones Bienes Raíces, a scam targeting Spanish-speaking consumers with fraudulent money-making pitches for online businesses and real estate investments. The FTC...
Hits and Misses for the Real Estate Week of Jan. 8-12

Hits and Misses for the Real Estate Week of Jan. 8-12

by Phil Hall | Jan 12, 2024 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An unexpected exit from NAR’s leadership, a pushback to a controversial verdict and loan modification victims getting minimal justice. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Jan. 8-12. Miss: An Abrupt Departure. The...
FTC Returns $1.2 Million to Consumers from Loan Modification Scheme

FTC Returns $1.2 Million to Consumers from Loan Modification Scheme

by Phil Hall | Jan 12, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Federal Trade Commission (FTC) is disbursing more than $1.2 million in refunds to borrowers who lost money to Consumer Defense, a fraudulent mortgage modification scheme. The FTC is sending payments to 6,261 consumers who will each receive $201.34. The agency...
CyberCatch Holdings Debuts Tool for Nonbanks to Achieve FTC Cybersecurity Compliance

CyberCatch Holdings Debuts Tool for Nonbanks to Achieve FTC Cybersecurity Compliance

by Phil Hall | Dec 4, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

CyberCatch Holdings Inc. (TSXV: CYBE), an AI-enabled Software-as-a-Service (SaaS) solution provider of compliance and cyber risk mitigation solutions, has unveiled a product designed to enable nonbanks to comply with U.S. Federal Trade Commission (FTC) cybersecurity...
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