Not exact matches
The state of Ohio twice hauled Carrington into court
because officials believed the
company was not offering good faith
loan modifications to borrowers who were eligible.
«We are hearing from consumers that they are driven into default
because private student -
loan companies are not providing concrete
loan -
modification options,» Richard Cordray, the director of the federal government's Consumer Financial Protection Bureau, said.
Where the FTC missed the target was when they said the new rules did not apply to secured debt
because they felt «There is no evidence in the record of deceptive or abusive practices in the promotion of services for the relief of non-mortgage secured debt» but they appear to have missed the recent influx of auto
loan modification companies that are springing up.
This appeal involved ex-husband successfully challenging a refusal to grant him spousal support
modification when his financial situation had changed
because he owed repayment of some hefty employer - brokerage
company loans.
We have mentioned that borrowers need to be careful when engaging «
Loan Modification Companies»
because there is so much fraud.