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$250k CFPB Penalty For Blatantly False Advertising
Friday, April 10, 2015
This story can be adequately summed up with the internet meme: 'facepalm.'
Yet another ethically challenged lender is going to pay for implying a
government agency sponsors or endorses its products. If there's a gray area here, it's hard to see what it would be.
This time it is RMK Financial Corporation, a
California-based mortgage lender which decided it was a good idea to market its
products to tens of thousands of military personnel and veterans using Department
of Veterans Affairs and FHA logos. Not surprisingly, they were caught.
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