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On July 24, 2020, the CFPB announced the issuance of consent orders against Sovereign Lending Group, Inc. (Sovereign) and Prime Selection Funding, Inc. (Prime Choice).
The CFPB suggested within their statement why these consent requests originated from a amount of investigations because of the CFPB into businesses allegedly making use of misleading direct mail promotions to promote VA assured mortgages. Both consent purchases offer civil cash charges, with Sovereign ordered to pay for $460,000 and Prime solution ordered to cover $645,000. Continue reading CFPB Issues Consent requests for False and Misleading Advertising for VA Mortgages