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BULLETIN: Now, A Web-Based ‘Auto Loan Modification’ Scam, FTC Alleges; California Firms Accused Of Targeting Car Borrowers Facing Repossession And Putting Them Deeper In The Hole
BULLETIN: The Federal Trade Commission has gone to federal court in the Eastern District of California, alleging that several individuals and companies were running separate, web-based scams in which borrowers were told they could avoid vehicle repossessions by paying upfront fees to the accused scammers and not making payments on their car loans. The scams…