The FTC returns money to consumers recovered from the mortgage relief scam
The Federal Trade Commission recovered $ 164,000 from a fake 2016 mortgage relief scam who falsely told homeowners that they could save themselves from foreclosure and receive financial rewards. 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 sends 2,155 checks to consumers harmed by the scam which must be collected within 90 days. “Recipients who have questions about their refund, or who have not received 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. “
However, the consumer protection agency will have more difficulty doing its job and recovering money for consumers in the future. In April, the Supreme Court ruled that “it has no authority under section 13 (b) to seek monetary relief from the federal court from now on.” The Commission is asking Congress to restore its authority to seek financial compensation for consumers.
In 2020, it raised more than $ 483 million in refunds to consumers across the country. Without its Section 13 (b) powers, the FTC’s ability to prevent the recurrence of illegal conduct is also in jeopardy.