The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC) and 15 states recently announced that they are taking action against companies and individuals who illegally promised foreclosure or mortgage relief to consumers, but never delivered. The illegal actions included making false promises to consumers about loan modifications, collecting fees before obtaining loan modifications, deceiving consumers into thinking they would receive legal representation, and inflating success rates and consumers’ likelihood of obtaining a modification. According to the CFPB press release, the “Bureau is filing three lawsuits against companies and individuals that collected more than $25 million in illegal advance fees for services that falsely promised to prevent foreclosures or renegotiate troubled mortgages.” The FTC is filing six additional lawsuits; the states are taking 32 actions against the scammers. CFPB Director Richard Cordray said of the Bureau’s actions, “We are taking on schemes that prey on consumers who are struggling to pay their mortgages or facing foreclosure. These companies pocketed illegal fees—taking millions of hard-earned dollars from distressed consumers, and then left those consumers worse off than they began. These practices are not only illegal, they are reprehensible.” For more, read the full release.