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

October 27, 2020

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The CFPB issued a consent order against another lender for sending 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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