The Consumer Financial Protection Bureau (CFPB) has issued a consent order against another mortgage company for sending consumers numerous mailers for Veterans affairs (VA)-guaranteed mortgages that contained false, misleading and inaccurate statements or that lacked required disclosures.
The CFPB said the company’s actions violated the Consumer Financial Protection Act’s (CFPA) prohibition against deceptive acts and practices, the Mortgage Acts and Practices—Advertising Rule (MAP Rule) and Regulation Z.
Read on for details from the consent order.
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