BN Business News
Add your company to Business Communicator →

Konkurencja i konsument · 26.01.1998

Progressive Mortgage Corp., et al.; Prohibited Trade Practices, and Affirmative Corrective Actions

In settlement of alleged violations of federal law prohibiting unfair or deceptive acts or practices and unfair methods of competition, this consent order prohibits, among other things, the Ohio-based mortgage corporation and its president from misrepresenting any terms or conditions of financing, such as, the annual percentage rate and finance charges of consumer loans; the number, amount and timing of mortgage payments; and the total number of payments to repay consumer loans.

Source: Federal Register — Federal Trade CommissionOpen original release →