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...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Consumer Financial Protection Bureau v. Gordon et al


Case Number

2:12-cv-06147

Court

California Central

Nature of Suit

Other Statutory Actions

Judge

Percy Anderson

Date Filed

July 18, 2012

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.