Calif. Law Firm Targeted In CFPB's 1st Loan Modification Suit

Law360, New York (July 30, 2012, 9:17 PM EDT) -- The Consumer Financial Protection Bureau scored an asset freeze and temporary restraining order against a California law firm and related entities in its first action against a mortgage loan modification scam, according to documents unsealed last week.

The lawsuit was launched against Chance E. Gordon, his law firm, and Division One Investment & Loan Inc., which also does business under other names, among others. They are accused of offering loan modification services for an advance fee between $2,500 and $4,500 that actually do nothing for homeowners...
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Case Information

Case Title

Consumer Financial Protection Bureau v. Gordon et al

Case Number



California Central

Nature of Suit

Other Statutory Actions


Percy Anderson

Date Filed

July 18, 2012

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

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