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The FTC is returning money to consumers recovered from a mortgage relief scam
The Federal Trade Commission Recovered $164,000 from a 2016 bogus mortgage relief scam which falsely told homeowners they could be saved from foreclosure and receive financial rewards. The program operated under the names Brookstone Law and Advantis Law who charged consumers $895 or more for a “legal analysis” and thousands of dollars in recurring attorney fees.
The FTC mailed 2,155 checks to consumers who have been harmed by the fraud which must be redeemed within 90 days. “Recipients who have questions about their refund or who didn’t receive a check and believe they are 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 in order to receive a refund.”
However, the consumer protection agency will have a harder time doing its job and collecting money for consumers in the future. In April, the Supreme Court ruled that it “does not have authority under Section 13(b) to seek pecuniary relief in federal court in the future.” Commission is asking Congress to restore its power to seek financial compensation for consumers.
In 2020, it secured more than $483 million in refunds for consumers across the country. Without its Section 13(b) authority, the FTC’s ability to prevent the recurrence of illegal conduct is also jeopardized.