On April 14, 2025, the Massachusetts Division of Banks (the “Division”) announced that it had entered into a Stipulation and Consent to The Issuance of a Consent Order with a mortgage lender and broker operating in Massachusetts. The company, by and through a wholly-owned subsidiary, operated a website in which it provided finance-related educational content and ratings of various banks, credit cards, and other companies.
The Division alleged that the company violated Massachusetts regulations by failing to make advertisements and paid content promoting its own services sufficiently visually separate from the presentation of recommendations or educational content.
Pursuant to the order, the company agreed to ensure that all solicitations and advertisements on its website are clearly indicated as such. In addition, the Company agreed to pay an administrative penalty of $65,000. This consent order superseded and terminated a consent order between the parties from February 2022 for deceptive advertising.
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