Saying that there are too many firms taking advantage of financially vulnerable individuals, the Obama administration today announced it would redouble its efforts to combat fraudulent practices among companies offering to help consumers avoid foreclosure.
The initiative will include additional criminal and civil prosecutions and an effort to alert financial institutions about fraudulent schemes and suspicious companies.
The program will be a joint effort of the Housing and Urban Development, Justice, and Treasury Departments, the Federal Trade Commission and the attorneys general of the states.
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