Consumer Financial Protection Bureau Settles With Fifth Mortgage Company To Address Deceptive Loan Advertisements Sent To Servicemembers And Veterans

September 01, 2020

The CFPB issued a consent order against a mortgage broker for providing direct-mail advertisements to veteran's 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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