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Zillow victorious in false advertising suit with discount brokerage

Housing Wire

The jury found that REX did not prove Zillow used false advertising it its decision to put non-MLS listings on a different section of the website and that Zillow proved its defense on REX’s second claim that Zillow acted deceptively and unfairly. Attorneys for REX did not return a request for comment.

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Judge in Zillow suit allows REX’s false advertising claims to stand

Housing Wire

A federal court judge concluded on Friday that in regard to REX’s false advertising claims against Zillow, the firm has proven “falsity.” When Zillow launched its two-tab design, the company also created an “FAQ” page clarifying the differences between the tabs. In his order, Judge Thomas Zilly of the U.S.

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Opinion: CRA for IMBs won’t work as advertised

Housing Wire

Unfortunately, the new laws provide little guidance on how to implement a regulatory structure designed for banks on entirely different types of lenders. The post Opinion: CRA for IMBs won’t work as advertised appeared first on HousingWire. What about states that have already adopted CRA for IMBs?

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CEO of Canada’s leading reverse mortgage lender announces retirement

Housing Wire

Ranson and Ziomecki also made an appearance at the 2019 National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo held in Nashville, sharing its approach to reverse mortgage advertising with their American counterparts. for a campaign designed to inform people about bad actors targeting seniors.

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Cordless Media inks new deal with web advertising behemoth

Inman

Cordless Media’s products are designed for companies trying to reach the real estate brands, home buyers, moving companies, investors and other entities in real estate verticals.

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REX appeals latest court ruling in its ongoing battle with Zillow

Housing Wire

REX Real Estate is back again trying to get a new trial in its false advertising lawsuit against Zillow. In January 2022, NAR filed a countersuit claiming that REX uses false advertising and misleading claims to deceive consumers in violation of the Lanham Act, but the countersuit was dismissed in late April 2022.

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CFPB bans RMK Financial Corporation from mortgage lending industry

Housing Wire

The CFPB issued the initial agency order against RMK for, among other things, sending advertisements to military families that led the recipients to believe the company was affiliated with the U.S. government. The CFPB ordered RMF at that time to end its illegal and deceptive practices and pay a civil penalty of $250,000.

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