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A recent action by the Consumer Financial Protection Bureau (“CFPB”) has taken decisive steps against a well-known financial institution. The CFPB’s investigation uncovered that this financial institution engaged in unfair practices affecting thousands of consumers over a seven-year period, including the improper denial of loan modification requests and the imposition of excessive fees.

Vigilance is crucial for preventing predatory lending practices that could affect your financial life. The law firm Petroff Amshen LLP stands firmly with homeowners and advocates for their rights in the face of unfair practices by financial institutions. In fact, not only are you entitled to the amount on the checks, but the mere receipt of them also means you are likely owed thousands of dollars more that you can recover through federal litigation. “Our mission is to fight for the rights of homeowners who have been wronged by large banks and financial entities,” said Steven Amshen, a founding partner at Petroff Amshen. “We are dedicated to ensuring that our clients receive the justice and compensation they deserve.” As banks distribute settlement checks to homeowners, Petroff Amshen LLP advises all recipients to carefully review these checks with legal counsel before cashing them.