Saturday, October 23, 2010

Kansas AG: Loot Pocketed From Suspected Loan Mod, Foreclosure Rescue Scams Doubles State Haul Attributable To Consumer Protection Enforcement Actions

In Topeka, Kansas, KansasReporter.org reports:
  • Kansas consumer protection enforcers recovered $17.3 million on behalf of consumers in 2010, more than twice as much as a year earlier, according to reports released Thursday by the state Attorney General's office.

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  • A changed focus of consumer complaints from one year to the next accounts for much of the difference, said Gavin Young, a spokesman for the attorney general's office. Alleged debt collection, debt consolidation and credit repair abuses figured prominently in the division's 2009 case loads.

  • Home mortgage modification or repair schemes and foreclosure rescue plans - tending to involve larger sums - became more prominent in 2010.

For more, see Mortgage-scam settlements swell Kansas consumer collections. loan modification