A federal court has temporarily halted Los Angeles-based Wealth Educators Inc. and its president from offering mortgage relief services after the Federal Trade Commission charged the operation with failing to provide the help promised to homeowners, while charging a large illegal upfront fee for services. more »
"The ringleaders of the scheme, the telemarketing company that broadcast millions of robo-calls, and the companies that processed the payments should all be held accountable for taking advantage of vulnerable consumers," said CFPB Director Richard Cordray.
WASHINGTON The Consumer Financial Protection Bureau has filed a massive lawsuit against more than a dozen debt collectors, payment processors and related entities that the agency said failed to stop fraudulent collection tactics. more »