The League recently joined the Michigan Foreclosure Task Force.  As part of the Task Force, we will be supporting good policy to prevent foreclosures, which are killing our communities.  The Task Force today alerted us that the Federal Trade Commission issued a press release regarding a proposed rule change that would help stop foreclosure rescue scam companies from taking advantage of homeowners facing foreclosure.  Among other changes, this rule would ban companies from charging a fee up-front for their services, as well as bar them from providing consumers with misleading or false information.  Click here to read the whole release.  Public comment is being accepted on this proposed rule change until March 29, 2010.  You may submit comments electronically at http://public.commentworks.com/ftc/MARS-NPRM/ or via hard copy to: Federal Trade Commission, Office of the Secretary, Room H-135 (Annex W), 600 Pennsylvania Avenue NW, Washington, DC, 20580.

 

Andy Schor is the Assistant Director of State Affairs for the Michigan Municipal League. Contact him at (517) 908-0300 or by email.

 

 

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