You can’t trust an online lender’s loan application, says US consumer advocate
A federal consumer advocate says people shouldn’t trust online lenders to apply their mortgages and loans.In a report, the Consumer Financial Protection Bureau (CFPB) says online lenders have a “moral and legal duty” to provide borrowers with information about their mortgage, including loan-to-value (LTV) calculations, payment history and income.It says the CFPB is concerned that…
