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Consumer Financial Protection Bureau (CFPB) Advertising Military Service Members

Goodwin

CFPB Settles with Mortgage Company to Address Deceptive Loan Advertisements Sent to Servicemembers and Veterans

Goodwin on

On September 14, 2020, the Consumer Financial Protection Bureau (“CFPB”) announced that it had entered into a consent order with a mortgage broker and lender that advertises and offers mortgage loans guaranteed by the United...more

Ballard Spahr LLP

CFPB Targets Another Mortgage Lender for Deceptive Advertising

Ballard Spahr LLP on

The CFPB has announced the settlement of an enforcement action against a California-based mortgage lender for alleged deceptive advertising practices, including the use of advertisements that the CFPB claimed falsely led...more

McGuireWoods LLP

CFPB Continues Focus on Mortgage Lender Advertising

McGuireWoods LLP on

Last week, the CFPB announced an enforcement action against RMK Financial Corporation d/b/a Majestic Home Loans (RMK) related to deceptive mortgage advertising practices....more

MoFo Reenforcement

CFPB Keeps its Sights on Military Mortgage Ads

MoFo Reenforcement on

The CFPB has announced another enforcement action targeting alleged deceptive mortgage advertising to veterans. The Bureau claims that the defendant lender targeted veterans with ads that falsely implied an affiliation...more

McGuireWoods LLP

CFPB Issues $2 Million Fine Against Mortgage Lender

McGuireWoods LLP on

Last week, the Consumer Financial Protection Bureau (CFPB) announced that mortgage lender NewDay Financial LLC, which specializes in Veterans Administration-backed loans available to military personnel and veterans, had...more

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