The Federal Trade Commission (FTC) is returning money to consumers who lost money in a loan modification scheme. The FTC won a court action against Jackson, Crowder & Associates and Crowder Law Group and is sending out more than $467,000 to consumers.
The FTC alleges the defendants charged large upfront fees for mortgage relief services that were not delivered. According to the FTC, the defendants falsely promised to modify mortgages and substantially reduce monthly payments. The defendants also allegedly pretended to be affiliated with a government agency and exaggerated the role an attorney would play.
If you’re one of those affected, visit this FTC webpage for more information.