CFPB Continues to Target Misleading VA Mortgage Loan Advertisements

On September 14, the CFPB announced a settlement in its eighth case arising out of the CFPB’s “sweep of investigations” of mortgage companies allegedly mailing deceptive advertisements for VA-guaranteed mortgages to service members and veterans. The CFPB’s focus on protecting consumers, especially those of vulnerable populations, is in line with general enforcement trends in the industry over the last several years, as Goodwin previously reported in its Consumer Finance 2019 Year in Review. Read the LenderLaw Watch blog to read more about these settlements and the CFPB’s enforcement efforts.