Category: direct installment loans

CFPB Issues Consent instructions for False and Misleading Advertising for VA Mortgages

CFPB Issues Consent instructions for False and Misleading Advertising for VA Mortgages

On July 24, 2020, the CFPB announced the issuance of consent orders against Sovereign Lending Group, Inc. (Sovereign) and Prime Selection Funding, Inc. (Prime Choice).

The CFPB indicated within their statement why these consent purchases originated from an amount of investigations because of the CFPB into organizations presumably making use of misleading mail that is direct to promote VA assured mortgages.…