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FTC Investigating 'Deceptive Practices'.
Byline: Ted Cornwell
Las Vegas-The Federal Trade Commission may be nearing "a significant enforcement action" involving a major mortgage servicer, according to an attorney who spoke at the Western States Loan Servicing Conference here in August.
Anand Raman, a partner at Skadden, Arps, Slate, Meagher & Flom, predicted that the FTC will announce a servicer enforcement action within the next several months.
Mr. Raman said the FTC has broad authority to scrutinize loan servicing to address "unfair and deceptive trade practices." Even practices that are not "manifestly illegal" may get ...
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Source: HighBeam Research, FTC Investigating 'Deceptive Practices'.