Browsing Tag:Practices

updated-cfpb-takes-motion-in-opposition-to-reverse-mortgage-lender-for-promoting-practices
The Consumer Financial Protection Bureau (CFPB) announced Tuesday that it has cracked down on Mahwah, a New Jersey-based Reverse Mortgage Lender Nationwide Equities, for advertising practices it describes as "misleading," and accused the lender of materials of being against Violating the Mortgage Law and Practice Advertising Rule (MAP Rule), the Truth in Lending Act (TILA), and the Consumer Financial...
Continue reading
0 Comments
Share
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...
Continue reading
0 Comments
Share