Trustee Election
These are the original issues in this subcategory
  • HEALTHCARE ADS
  • CHILD ADS
  • MORTGAGE ADS
Winning Issue » MORTGAGE ADS


The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) say more than 30 mortgage advertisers are responsible for ads that make false or deceptive claims. These companies include mortgage lenders, brokers, real estate agents and home builders. The FTC and CFPB are investigating whether these advertisers have broken federal laws that protect us from misleading ads. These agencies share enforcement authority over non-bank mortgage advertisers such as mortgage lenders, brokers, servicers and advertising agencies. These questionable ads offer very low fixed-rate loans, guaranteed approval and low monthly payments. However, they do not disclose the loan’s details and conditions which are likely to disqualify many hopeful borrowers. Some of these ads also contain statements, images, symbols and abbreviations that suggest the advertiser is affiliated with a government agency.


Pending Legislation: None




Options


  • I oppose reforming current mortgage advertising policy and wish to donate resources to the campaign committee of either Rep. Paul Ryan or Sen. Mitch McConnell
  • I support sponsoring a bill requiring the Federal Trade Commission to promulgate rules to prohibit, as an unfair and deceptive act or practice, loans offered by lenders, brokers, servicers and advertisers that are not readily available to the majority of their television viewing audience; and to prohibit to these organizations from implying associations with government entities, and wish to donate resources to the campaign committee of Rep. Nancy Pelosi (CA) or to an advocate group currently working with this issue


Winning Option
  • I support sponsoring a bill requiring the Federal Trade Commission to promulgate rules to prohibit, as an unfair and deceptive act or practice, loans offered by lenders, brokers, servicers and advertisers that are not readily available to the majority of their television viewing audience; and to prohibit to these organizations from implying associations with government entities, and wish to donate resources to the campaign committee of Rep. Nancy Pelosi (CA) or to an advocate group currently working with this issue
There has been $0.00 pledged in support of this issue
Trustee Candidates

If elected as a trustee, the campaign committee of Rep. Nancy Pelosi (CA) will be unconditionally awarded the funds pledged to this issue along with a letter requesting her to favorably consider sponsoring a bill requiring the FTC to promulgate rules to prohibit, as an unfair and deceptive act or practice, loans offered by lenders, brokers, servicers and advertisers that are not readily available to the majority of their television viewing audience.

If elected as a trustee, TINA will be awarded the funds pledged to this issue along with a letter requesting these funds be used to advocate for mortgage servicing companies to be subject to enforcement actions for deceptive practices related to residential mortgage loan advertising.

Truth in Advertising, Inc. (TINA) is a 501(c)(3) nonprofit organization based in Madison, CT, whose mission is to be the go-to online resource dedicated to empowering consumers to protect themselves and one another against false advertising and deceptive marketing. It aims to achieve its mission through investigative journalism, education, advocacy and the promotion of truth in advertising. TINA is independently funded and does not accept revenue to support its work. TINA received its initial funding from Seedlings Foundation, which supports programs that nourish the physical and mental health of children and families, and fosters an educated and engaged citizenship.
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Trustee Election - Opening Date
June 4, 2020
Trustee Election - Closing Date
June 10, 2020