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

September 01, 2020

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The CFPB issued a consent order against a mortgage broker who sent direct-mail advertisements sent primarily to United States military servicemembers and veterans which 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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