CFPB bans RMK Financial from mortgage industry for deceptive practices
The Consumer Financial Protection Bureau (CFPB) has dealt a decisive blow to RMK Financial Corporation (dba Majestic Home Loans) by permanently banning it from the mortgage lending industry. The ban comes after RMK repeatedly engaged in deceptive advertising practices that targeted military families, falsely implying an affiliation with the US government. In 2015, the CFPB … [Read more…]