CFPB Nails Mortgage Lender for Misleading Advertising of FHA, VA Loans

SOURCE: Mortgage News Feed

The Consumer Financial Protection Bureau is taking action against a mortgage company for advertising that the CFPB says led consumers to believe the lender was affiliated with the U.S. government. The agency is ordering California-based RMK Financial to pay $250,000 for deceiving borrowers with claims of government affiliation through its marketing of Federal Housing Administration and Veterans Affairs loans.

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