In a press statement, CFPB Director spoke out against such practices, saying, “Deceptive advertising has no place in the mortgage marketplace, and the Consumer Bureau will continue to take action against companies that mislead consumers with false claims of government affiliation."
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CFPB Moves Against Three Lenders for Falsely Implying Government Representation
The Consumer Financial Protection Bureau (CFPB) announced Thursday that it has taken action against three mortgage lenders for falsely implying U.S. government endorsement of their products, according to an announcement from CFPB.
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