WASHINGTON, D.C. – Today, the buyer Financial Protection Bureau (Bureau) released a consent order against PHLoans , Inc. (PHLoans), A ca business that is certified as home financing broker or lender in about 11 states. Until at the very least 2019, PHLoans was known as Pacific Home Loans, Inc. PHLoans offers and provides mortgage loans guaranteed by the United States Department of Veterans Affairs (VA) april. PHLoans’s principal way of advertising VA-guaranteed loans is through direct-mail ads delivered mainly to united states of america army servicemembers and veterans. The Bureau discovered that PHLoans delivered consumers mailers that are numerous VA-guaranteed mortgages that contained false, deceptive, and inaccurate statements or that lacked required disclosures, in breach regarding the customer Financial Protection Act’s (CFPA) prohibition against misleading functions and techniques, the Mortgage Acts and Practices—Advertising Rule (MAP Rule), and Regulation Z. Read more