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FTC returns money to consumers recovered from mortgage relief scam

The Federal Trade Commission recovered $ 164,000 from a 2016 bogus mortgage relief scam that falsely told homeowners they could be saved from foreclosure and receive financial awards. The scheme was operated under the names Brookstone Law and Advantis Law which charged consumers $ 895 or more for a “legal analysis” and thousands of dollars in recurring legal fees.

The FTC is sending 2,155 checks to consumers who were harmed in the scam which need to be cashed within 90 days. “Recipients who have questions about their refund, or who didn’t receive a check and believe they may be eligible for a refund, should call the refund administrator, JND Legal Administration, at 855-606-0653. The Commission never requires people to pay money or provide account information to get a refund. “

The consumer protection agency will have a harder time doing its job and recovering money for consumers in the future though. In April the Supreme Court ruled that it “lacks authority under Section 13 (b) to seek monetary relief in federal court going forward.” The Commission is calling on Congress to restore its authority to seek monetary redress for consumers.

In 2020 it secured more than $ 483 million in refunds to consumers across the country. Without its powers under Section 13 (b), the FTC’s ability to stop illegal conduct from reoccurring is also jeopardized.

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