CFPB Fines RMK/Majestic for Deceptive Marketing

The CFPB took action against RMK Financial Corporation (aka Majestic Home Loans) for deceptive mortgage advertising practices, including sending over 100,000 ads that led consumers to believe that the company was affiliated with the U.S. government via the VA. RMK ordered to pay penalty of $250,000 and end the illegal practice. [4/10/15]