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CFPB sanctions Inland Empire home lender over allegedly deceptive ads
CFPB sanctions Inland Empire home lender over allegedly deceptive ads

A Rancho Cucamonga mortgage lender has agreed to pay $250,000 to settle accusations by federal regulators that its advertising deceived consumers into believing that the company was affiliated with the U.S. government. The Consumer Financial Protection Bureau on Thursday announced the settlement with RMK Financial Corp., which does business as Majestic Home Loan. The consumer bureau said RMK mailed ads to more than 100,000 consumers in several states, including thousands of military service members. The mailers used the names and logos of the Department of Veterans Affairs and the Federal Housing Administration in a way that falsely implied that the advertisements were sent or endorsed...

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