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Cuomo is Planning to Sue Loan Modification Companies

From the Consumer Fraud Blawg

In a recent announcement, New York Attorney General Mario Cuomo stated that his office has issued subpoenas to fourteen loan modification companies and filed suit against another company.

During a news conference on June 9, it was reported that Mr. Cuomo referred to the entire loan modification industry as a scam. Mr. Cuomo has taken aggressive action against several industries in recent months, including the financial services industry.

Consumers often fall victim to businesses that use deceptive and misleading marketing strategies. These businesses use false promises or fake “offers” to entice consumers to purchase their product and/or service. Unfortunately, the government cannot protect everyone and consumers sometimes need to take action on their own behalf.

The Kueser Law Firm represents consumer fraud victims. If you would like to contact the firm for a free consultation, please call 816.374.5865 or visit our website, www.jmkesquire.com, for more information.

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