A national mortgage firm is the target of big legal action by the government.
The Federal Trade Commission announced the action today.
According to the agency, a “nationwide mortgage company” is facing “major law enforcement action.” The company is accused of misleading and overcharging borrowers in financial distress.
The FTC didn’t name the firm in today’s statement but plans to announce the action taken and identify the firm at its headquarters on Monday.
In addition to promoting a press conference for the event, FTC Chairman Jon Leibowitz is making himself available for reporters — suggesting the agency sees the action as huge.
