CFPB v. Nationwide Equities Corporation

Nationwide Equities Corporation sent direct mail solicitations and other marketing communications to hundreds of thousands of older borrowers that allegedly violated the Mortgage Acts and Practices Advertising Rule (MAP Rule) and Regulation Z, which implement the Truth in Lending Act, according to the CFPB. These violations also constituted violations of the Consumer Financial Protection Act of 2010, according to the CFPB.

Summary generated from official Consumer Financial Protection Bureau press release