Mortgage practices top consumer protection complaints in 2010
Here's a news item from the Associated Press: BOISE, Idaho (AP) — Complaints about mortgage practices kept lawyers in Idaho Attorney General Lawrence Wasden's office busy last year. Wasden released his annual consumer protection report for 2010 on Tuesday. He says his attorneys handled 261 complaints about loans, compared to just 109 in 2009. In response, Wasden says his office pursued several enforcement actions against deceptive loan modification companies. It also hired a housing counselor to assist Idaho homeowners and spearheaded a public education program related to foreclosures, mortgage modifications and purchasing a home. Other significant consumer protection activity included lawsuits and settlements with pharmaceutical manufacturers over their marketing and pricing of drugs. Wasden says lawyers in the consumer protection division recovered nearly $6 million in restitution, the second largest amount ever recovered by the attorney general's office.