Browsing Tag:Consent

cfpb-enters-into-consent-order-with-reverse-mortgage-lender-and-dealer-finance-and-banking
The CFPB recently entered into a consentorder with Nationwide Equities Corporation (Nationwide),which the CFPB refers to as a mortgage broker and mortgage lenderthat primarily provides jumbo reverse mortgage loans and HomeEquity Conversion Mortgage Loans (HECMs). The CFPB asserts in theconsent order that Nationwide engaged in direct mail advertisingpractices that violated the Mortgage Acts andPractices—Advertising Rule (the "MAP Rule," alsoknown as Regulation...
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cfpb-continues-streak-of-consent-orders-with-va-mortgage-lenders-for-misleading-practices-goodwin
On September 2, 2020, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consenting resolution with a Delaware-based VA mortgage lender to resolve allegations that the company had committed fraudulent practices against service members and veterans. The CFPB found that since April 2018, the company had sent current and former service members misleading advertisements...
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