Nationwide Equities Fined $140K For Alleged Deceptive Advertising
Inman Connect The Consumer Financial Protection Bureau (CFPB) announced it is taking action against Nationwide Equities Corp., a top reverse mortgage lender with a footprint across 38 states in the U.S., for alleged deceptive advertising. The CFPB is charging a penalty of $140,000 and mandating that Nationwide Equities review its practices after alleging that the company is using deceptive practices while marketing its reverse mortgage product. The bureau found that advertisements from Nationwide Equities misled consumers about how much money they could receive from a reverse mortgage, the...
Source: inman.com