CFPB bans RMK Financial Corporation from mortgage lending industry
"Even after the 2015 law enforcement order, RMK continued to lie to military families by falsely implying government endorsement of its home loans," CFPB Director Rohit Chopra said in a statement.The Ontario, California-based firm engaged in a "series of repeat offenses, including disseminating millions of mortgage advertisements to military families that deceptively used fake U.S. Department of Veterans Affairs (VA) seals, the Federal Housing Administration ( FHA) logo, and other language or design elements to falsely imply that RMK was affiliated with the government," the CFPB said.