Why Won't FTC Name Suspected Scammers?
The Center for Public Integrity:
The Federal Trade Commission is cracking down on predators who prey on distressed homeowners facing foreclosure. The Commission has filed civil enforcement actions against 11 companies that operate fraudulent foreclosure relief programs and sent warning letters to 71 others it claims may also be running scams. Problem is, the FTC in its announcement Monday declined to release the names of those 71 companies.
Homeowners wondering if they may have relied on a suspect company to help save their houses will have to wait. That's because none of the 71 companies have been charged with a crime, said Mitchell Katz, an FTC spokesman.
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