The CFPB ordered RMK Financial Corporation to end its illegalmortgage advertising practices and pay a civil penalty of$250,000.
The bureau claimed that the California-based mortgage lendermailed misleading print advertisements to more than 100,000consumers, which appeared to be from federal governmententities.
RMK Financial Corporation allegedly used the names and logos ofthe Department of Veterans Affairs (VA) and the Federal HousingAdministration (FHA), falsely implying they were endorsed or sentby the VA or FHA. The CFPB said the advertisements were also sentto tens of thousands of veterans and current U.S. military servicemembers.
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