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

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CFPB Fines Mortgage Lender For Illegal Fee Splitting. By. The mortgage lender touted its decision to self-report, saying in its statement that it had come to the CFPB a full six months before.

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The Consumer Financial Protection Bureau (CFPB) has taken action against RMK Financial Corporation for deceptive mortgage advertising practices, including ads that led consumers to believe that the company was affiliated with the U.S. government. The CFPB is ordering RMK to end its illegal and deceptive practices and pay a civil penalty of $250,000.

CFPB Fines Mortgage Company $20M For Pushing Customers Into Spending More Than They Had To 6.4.15 12:59 PM EDT By Ashlee Kieler @akieler not good advice mortgages consumer financial protection.

Kraninger: Department of Education refusing to cooperate with CFPB The minute is a delicately worded response to senators’ questions, though Kraninger, a Trump administration appointee, is in hint observant that a CFPB is perplexing to do a pursuit safeguarding tyro borrowers and supervising loan servicing companies, though a Education Department is removing in a way.

CFPB Takes Action Against mortgage relief company deceptively Using VA & FHA Logos On Ads. to the government, the CFPB alleges that RMK’s ads featured incorrect information about loans.

CFPB Sues Mortgage Lender for False Reverse Mortgage Ads; Orders Others to End Deceptive Advertising WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is taking action against three mortgage companies for misleading consumers with advertisements implying U.S. government approval of their products.

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CFPB fines mortgage lender $250K for claiming government affiliation in ads – The Consumer Financial Protection Bureau took action against RMK Financial Corporation for deceptive mortgage. a "distinctive program offered by the U.S. government." The ad instructed consumers to.