State Regulator Commences Enforcement Action Against 32 Outfits Peddling Loan Modification Services To Financially Strapped Washington Homeowners

From the Washington State Department of Financial Institutions:

• The Consumer Services Division of the Washington State Department of Financial Institutions (DFI) announced today that it filed 32 Statements of Charges against businesses preying on Washington homeowners facing foreclosure. This action follows another multi-company sweep DFI conducted in September 2012 when it issued 40 Statements of Charges against unlicensed businesses offering loan modification services to Washington residents.
  
  Of the 32 Statements of Charges in this latest round of enforcement actions, 31 are against businesses located outside of Washington, about half of which are attorneys or affiliated with attorneys.

For the DFI press release, see DFI Charges 32 Companies In Continuing Effort To Combat Unlicensed Loan Modification Activity (DFI seeks full restitution, prohibition from operating in Washington, $426,000 in fines).

Go here for the list of 32 alleged rackets cited by DFI.