Real estate blog entries tagged with bankrate lawsuit bait switch interest rate advertising shopping by Joseph Metzler MLO MMS NMLS # 274132 (Mortgages Unlimited, Inc)

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Home : Blogs : Joseph Metzler MLO MMS NMLS # 274132 : Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use : Tag "bankrate lawsuit bait switch interest rate advertising shopping"

bankrate lawsuit bait switch interest rate advertising shopping: Bankrate.com Settles Bait and Switch Lawsuit - 12/07/07 08:31 AM

BankRate.com settles Bait-and-Switch Lawsuit. NovaStar, other Bankrate advertisers hit with $46 million judgment for false mortgage interest rate advertising. Bankrate agreed to pay $3 million in order to settle a lawsuit regarding alleged "bait-and-switch" advertisements that were appearing on the Bankrate.com site. Former advertiser American Interbanc Mortgage accused Bankrate of removing its ads from the site after American Interbanc claimed that other advertisers were promoting loan rates that were not honored. Customers who went to those sites were quoted higher rates than appeared in the advertisements, according to the claim. While Bankrate denied the allegations, testimony was presented indicating that Bankrate received hundreds … (3 comments)

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Joseph Metzler MLO MMS NMLS # 274132

, MN

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Mortgages Unlimited, Inc

Address: 33 Wentworth Ave E #290, Saint Paul, MN, 55118

Office Phone: (651) 552-3681

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Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use. Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.

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