U.S. Consumer Financial Agency Hits Lawyer in First Suit
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The year-old U.S. Consumer Financial Protection Bureau brought its first lawsuit this month, accusing a California lawyer of operating an illegal mortgage relief scheme.
The lawsuit, filed in federal court in Los Angeles, alleges that Chance Gordon used his law firm and affiliated companies to falsely promise loan modifications in exchange for advance fees, ranging from $2,500 to $4,000, according to a complaint unsealed on July 23.