FTC orders Wealth Educators to halt mortgage relief services

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Home CFPB and FTC file lawsuits against online payday lenders. with an ex parte application for a temporary restraining order to halt the defendants’ operation and freeze its assets (which was granted).. Alleging Defendants Engaged in Unlawful Conduct in Connection with Mortgage.

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FTC: Scam promised mortgage relief, did opposite. A company that calls itself Wealth Education allegedly taught numerous financially distressed homeowners an illegal and costly lesson, charging hefty upfront fees for mortgage relief services never rendered, while advising steps that left some facing foreclosure.

Accordingly, they have signed into law, Executive Order 005. by the 8th Assembly, is a stop-gap measure to hold the forte.

The FTC has charged another mortgage relief operation with contempt for violating. In addition, the FTC charged that in marketing debt relief services for credit card debt, The orders also prohibit them from selling or otherwise disclosing customers'. would stop foreclosure or they would fully refund consumers' money.