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Scams and Frauds Here are some of the latest Scams, Frauds, and Consumer Abuse items in the news.

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Subprime Loan Victims to Receive Additional Redress

Nearly 20,000 borrowers will receive a second compensation check this week from a redress fund that resulted from the FTC’s settlement with home mortgage lender First Alliance Mortgage Company and its chief executive officer. First Alliance borrowers, who obtained home mortgage loans through the company, previously received compensation for the loan origination fees the company deceptively charged them in a round of checks mailed out in December 2002. Read more...

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