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09/15/07
FTC : Firms’ mortgage ads potentially are deceptive
Filed under: General, Mortgages
Posted by: Lillian Wong @ 4:42 pm

WASHINGTON -The Federal Trade Commission has warned more than 200 companies about “potentially deceptive” mortgage advertisements that could give borrowers a false impression of the cost of home loans. The FTC on Tuesday said ads that ran in newspapers and magazines, online and in the mail “may violate federal law” by giving a deceptive picture of mortgage terms. It sent the warning letters to mortgage brokers, lenders and media outlets.  More…

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