Lender Allegedly Used Unlawful And Misleading Tactics To Market Reverse Mortgages
By EsqSocial Corporation 30/04/21
The Consumer Financial Protection Bureau (“CFPB”) reached a settlement with reverse-mortgage lender Nationwide Equities Corporation (“Nationwide Equities”) to resolve allegations that it used false and misleading advertising to market its reverse mortgages in violation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Truth in Lending Act, and the Mortgage Acts and Practices Advertising Rule......
By: Cozen O'Connor