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

In an annual presentation to Congress last November, Commissioner Brian Montgomery said the agency will not be reducing mortgage insurance premiums any time soon.CFPB fines mortgage lender $250K for claiming government affiliation in ads – The Consumer Financial Protection Bureau took action against RMK Financial Corporation for deceptive.

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CFPB fines three reverse mortgage lenders over deceptive advertising To pay a total of nearly $790,000

CFPB fines mortgage lender $250K for claiming government affiliation in ads RMK Financial claimed connection with FHA, VA in pitches. April 9, 2015. Trey Garrison.

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Bureau Orders RMK Financial to Pay $250,000 for Deceiving Borrowers with Claims of Government Affiliation. WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took 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.

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