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.

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Poll Opening Date
March 26, 2020
Poll Closing Date
April 1, 2020

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