Amerisave Mortgage Corp., Novo Appraisal Management Co., and Patrick Markert
Enforcement, Add-On Products, Credit Cards, Mortgages
In August 2014, The CFPB penalized Amerisave Mortgage for using “‘bait-and-switch’ tactics.” The CFPB alleged that Amerisave “lured consumers in Ohio and other states by advertising inaccurate interest rates it had no intention of providing.” The CFPB fined Amerisave “$19.3 million” and fined Amerisave CEO Patrick Market an additional $1.5 million for profiting personally from the scheme.
Inactive or Resolved
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