Financial Fraud Enforcement Task Force (FFETF)

President Obama’s Financial Fraud Enforcement Task Force (FFETF), was created in November 2009 to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes.

With more than 20 federal agencies, 94 U.S. attorneys’ offices, and state and local partners, it is the broadest coalition of law enforcement, investigatory, and regulatory agencies ever assembled to combat fraud. Since its formation, the task force has made great strides in facilitating increased investigation and prosecution of financial crimes; enhancing coordination and cooperation among federal, state, and local authorities; addressing discrimination in the lending and financial markets; and conducting outreach to the public, victims, financial institutions, and other organizations. Over the past three fiscal years, the Justice Department has filed more than 10,000 financial fraud cases against nearly 15,000 defendants including more than 2,700 mortgage fraud defendants.

I’m thinking that the FFETF website will provide more information, but is this Task Force now no longer required since the investigations are now the responsibility of the Consumer Financial Protection Bureau(CFPB)?

Source: An old loan safe article.

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