Financial Fraud Enforcement Task Force launches new fraud site – NMP Skip to main content

Financial Fraud Enforcement Task Force launches new fraud site

Apr 16, 2010

President Barack Obama's Financial Fraud Enforcement Task Force has announced the launch of StopFraud.gov, a one-stop shop for the American people to learn how to protect themselves from fraud and to report it wherever it occurs. It will also serve as a hub of information about the task force's work. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. "The Financial Fraud Enforcement Task Force is the broadest coalition of law enforcement, investigatory and regulatory agencies ever assembled to combat fraud, but one of our best partners in the fight is a vigilant, informed public," said Robb Adkins, executive diirector of the Financial Fraud Enforcement Task Force. "Throughout government there are resources to help hardworking, honest Americans protect themselves from fraud and report fraud, and StopFraud.gov will connect the public with those valuable tools." StopFraud.gov combines resources from a wide range of federal agencies on ways consumers can protect themselves from fraud and report fraudulent activity. It also features access to the latest announcements, press releases, speeches and information regarding the Financial Fraud Enforcement Task Force. The Financial Fraud Enforcement Task Force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes. For more information, visit www.StopFraud.gov.
About the author
Published
Apr 16, 2010
California Approves $25B Homebuyer Loan Program, Targeting New Construction

Proposition 37 could open new purchase lending opportunities, but financing costs and borrower qualification will determine its reach

When AI Takes Action: New Federal Framework Raises Questions

New federal banking guidance examines the risks of autonomous AI, from borrower communications to servicing transactions, with a focus on human oversight and accountability

States Tighten Mortgage Rules For Home Equity Investments

Massachusetts, Maine, and Illinois are expanding oversight of home equity financing

West Capital LO Challenges Contractor Status, Required Fees

A former originator alleges unpaid overtime, recurring tech charges, and company restrictions that he says undermine his independent-contractor status

CFPB Closes 40% Of Investigations, Keeps Mortgage Enforcement In Focus

The federal watchdog closed thousands of supervisory and investigative matters as it narrowed oversight

Midterms Loom With Mortgage Policy Changes Already In Motion

As voters head to the polls Tuesday, Washington is weighing changes to refinancing costs, loan pricing, and lending regulations