CFPB v. RMK Financial Corp.

RMK Financial Corp. allegedly disseminated millions of mortgage advertisements that made deceptive representations or contained inadequate or impermissible disclosures. According to CFPB, these included, for example, advertisements that misrepresented that RMK was the VA or the FHA or that RMK was affiliated with the VA or the FHA, advertisements that misrepresented they were sent by the VA or FHA, advertisements that misrepresented that benefits available to those who qualified for VA or FHA loans were time limited, and advertisements that misrepresented the amount of the monthly payments for the advertised loan.

Summary generated from official Consumer Financial Protection Bureau press release