CFPB fines mortgage lender $250K for claiming government affiliation in ads

CFPB fines three reverse mortgage lenders over deceptive advertising To pay a total of nearly $790,000

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Under the consent order American Preferred will be prohibited from falsely implying a government affiliation in future ads and will pay a civil penalty of $85,000, an amount CFPB said reflected.

California mortgage company fined for false advertising. A California-based mortgage company has been fined $250,000 for false advertising after mailing deceptive ads to consumers, federal regulators say. Tens of thousands of those ads were sent to military service members and veterans, claiming a false affiliation with the U.S. government.

Henry Cavill or any.cfpb fines mortgage lender 0k for claiming government affiliation in ads CFPB Orders Prospect Mortgage to Pay .5 million fine for Illegal Kickback Scheme.. – The Consumer financial protection bureau (cfpb) today took action against Prospect Mortgage, LLC, a major.

In an annual presentation to Congress last November, Commissioner Brian Montgomery said the agency will not be reducing mortgage insurance premiums any time soon.CFPB fines mortgage lender $250K for claiming government affiliation in ads – The Consumer Financial Protection Bureau took action against RMK Financial Corporation for deceptive.

Consumer Financial Protection Bureau targeting lenders that falsely claim that the government endorses their products. Feds say mortgage firms used deceptive ads.. of about 800 mortgage ads.

> CFPB TAKES ACTION AGAINST MORTGAGE COMPANIES FOR MISREPRESENTING U.S. GOVERNMENT AFFILIATION Contact us (855) 411-2372 FEB 12 2015 cfpb takes action Against Mortgage Companies For Misrepresenting U.S. Government Affiliation CFPB Sues Mortgage Lender for False reverse mortgage ads; orders Others to End Deceptive Advertising WASHINGTON, D.C.

You also may recover reasonable lawyers’ fees and court costs. Or you might consider finding other people with the same claim, and get together to file a class action suit. Report any violations to the appropriate government agency. If your mortgage application is denied, the lender must give you the name and address of the agency to contact.

HUD insures the FHA loans that we assist people in getting. If you need to contact the FHA directly, we suggest that you contact the Department of Housing and. CFPB fines mortgage lender $250K for claiming government affiliation in ads