California, Quote of the Day

Quote of the Day: But When They Got Served, Did They Yell ‘FIRST’?

Way to make lawyers look good. Not.

Rather than helping homeowners modify their mortgage loans or avoid foreclosure, Defendants dupe distressed homeowners into paying thousands of dollars based on false promises and misrepresentations. Indeed, Defendants provide little, if any, meaningful assistance to modify homeowners’ mortgage loans or prevent foreclosure.

– The Consumer Financial Protection Bureau’s first federal civil enforcement action, filed earlier this month against the Los Angeles-based Gordon Law Firm. The year-old agency has hit the ground running, also announcing a $210 million settlement with Capital One Bank.

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