CFPB Settles with PHLoans.com, Inc. to Address Deceptive Loan Advertisements Sent To Servicemembers And Veterans

August 26, 2020

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The CFPB issued a consent order against PHLoans.com, Inc. for sending consumers numerous mailers for VA-guaranteed mortgages that contained false, misleading, and inaccurate statements or that lacked required disclosures, in violation of the Consumer Financial Protection Act’s (CFPA) prohibition against deceptive acts and practices, the Mortgage Acts and Practices – Advertising Rule (MAP Rule), and Regulation Z.

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