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Article: MADIGAN CONTINUES PURSUIT OF MORTGAGE RESCUE FRAUD

Article from:
US Fed News Service, Including US State News
Article date:
July 16, 2009
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CHICAGO, July 15 -- The Illinois Attorney General issued the following news release:

Attorney General Lisa Madigan today announced four lawsuits against mortgage rescue fraud schemes. Madigan's suits are part of a national crackdown on rescue and loan modification fraud with the Federal Trade Commission (FTC), the U.S. Department of Justice, state attorneys general and local district attorneys, all of whom collectively filed 184 law enforcement actions throughout the country. On behalf of Illinois and over 30 other states, Madigan also submitted comments on the FTC's advance notice of proposed rule-making today urging aggressive, nationwide regulation of mortgage rescue companies.

"As part ...

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