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Go Direct Lenders Slapped With $150,000 Fine. Your order, granted because of the customer Financial Protection Bureau, features a $150,000 civil penalty.

Go Direct Lenders Slapped With $150,000 Fine. Your order, granted because of the customer Financial Protection Bureau, features a $150,000 civil penalty.

Go Direct Lenders, situated in Ca, was struck with a permission purchase to make false, deceptive and inaccurate statements in mailers provided for army servicemembers and veterans.

Go Direct Lenders is certified as a home loan lender or broker in about 11 states. It provides and offers home loans assured by the United States Department of Veterans Affairs. Go Direct’s principal way of advertising loans that are VA-guaranteed through direct-mail adverts delivered primarily to armed forces servicemembers and veterans.

The bureau discovered that Go Direct delivered customers mailers that are numerous VA-guaranteed mortgages that included false, deceptive, and inaccurate statements or that lacked required disclosures, in breach associated with Consumer Financial Protection Act’s prohibition against misleading functions and methods, the Mortgage Acts and Practices – Advertising Rule, and Regulation Z. (more…)