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Fed, state sweep of foreclosure relief operations spawns lawsuits nationwide
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Consumer Protection
Saturday, July 26, 2014
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An ongoing joint federal and state enforcement sweep called Operation Mis-Modification has rounded up dozens of companies and individuals nationwide. The initiative resulted in a slew of lawsuits targeting alleged deceptive mortgage relief scams. According to the Consumer Financial Protection Bureau and the Federal Trade Commission — which have filed lawsuits in several states — the scams violated both Regulation O and the Dodd-Frank Act. Read on for the details of their complaints and allegations.
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