Lenders Settle Deceptive Ad Complaints with Regulator
January 16, 2009
Three mortgage loan advertisers have entered into an agreement with the Federal Trade Commission to settle charges of deceptive advertising by failing to disclose key loan terms in mailed solicitations. The FTC said Good Life Funding and Innova Financial Group, both based in California, and American Nationwide Mortgage Co. made misleading claims in their ads that borrowers could...