Press release: “The Federal Trade Commission today told the U.S. Senate Special Committee on Aging that the Commission, partnering with other federal agencies and state and local governments, is working to prevent mortgage foreclosure “rescue” fraud through law enforcement and consumer outreach. Noting an estimated 75 percent increase in foreclosure filings from 2006 to 2007, Peggy Twohig, Associate Director of the FTC’s Division of Financial Practices, told the committee about the Commission’s enforcement efforts and its work to educate consumers about scams in which borrowers typically pay thousands of dollars but end up losing their homes and the money.”

• Prepared Statement of the Federal Trade Commission On Foreclosure Rescue Fraud, Presented by Peggy Twohig, Associate Director for Financial Practices, Bureau of Consumer Protection, Before the Special Committee on Aging, United States Senate (February 13, 2008).
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