Online Mortgage Lead Generator Will Pay $225,000 to Settle FTC Charges

On May 8, the Federal Trade Commission (“FTC”) announced an online mortgage lead generator will pay $225,000 to settle false advertising charges that it deceived customers by marketing adjustable rate loans as fixed interest rate mortgages. The FTC said the company violated the 2011 Mortgage Acts and Practices Advertising Rule (“MAP Rule”) that strengthens customer […]

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