September 6, 2016
Last week, the Federal Trade Commission (“FTC”) announced that the United States District Court for the Middle District of Florida had granted a summary judgment motion against various businesses, law firms and individuals for FTC Act and the Mortgage Assistance Relief Services Rule violations. In awarding the FTC summary judgment, the Court permanently enjoined the defendants from selling secured and unsecured debt relief products and services, and from misrepresenting any financial products or services, in the future. In addition, the defendants must pay a judgment of more than $13.5 million, which represents the defendants’ net revenues associated with the venture.
Why did the Court Award Summary Judgment against the Mortgage Modification Business?