Now, before I get started, please keep in mind that I am not a lawyer, nor should you consider what you are about to read as legal advice. I am just trying to pass something along that I think you should all be aware of.
In case you haven’t heard, on October 5, the Federal Trade Commission issued an update to its Guides Concerning the Use of Endorsements and Testimonials in Advertising–the first update since 1980!
This update is mainly concerned with two things; first, stopping fake blog sites where the blogger is a totally made-up person with a totally made-up story designed to sell something (you know, those fake weight loss blogs, teeth whitening blogs, and money-making blogs we’ve all seen time and again), and second, how advertisements can use testimonials and endorsements.
Joshua Dorkin
Charles Feldman
Ted Karsch.
Mortgage and Loan Modification Scammers “Beware” Says Obama Administration
by Rob K. Blake | April 12, 2009Image by Getty Images via Daylife
The Treasury Secretary, Tim Geithner and U.S. Attorney General, Eric Holder are getting tough on loan modification scams, or so they say. A new initiative was announced this week on the Feds desire to work with State law enforcement to shutdown predatory loan modification companies who prey on foreclosure victims.
The [...]