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The mortgage company was facing a number of lawsuits accusing it of deceptive sales practices.
Insurers have paid billions of dollars to settle similar suits over reportedly deceptive sales practices.
The three lawmakers also questioned whether there were, in fact, any continuing "deceptive sales practices" that required Pentagon action.
No top-tier banker has gone to prison for the many bank failures, the deceptive sales practices or the misrepresentations of the books.
As much through preaching as through actions, Mr Levitt addressed real weaknesses in the American financial markets: deceptive sales practices, lousy accounting standards and high costs.
"This action seeks to redress the substantial and ongoing pattern of fraudulent misrepresentations and deceptive sales practices" by the Trumps and the other defendants, the suit charged.
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This is a deceptive sales practice, pure and simple.
If the credential is fake, you should terminate your relationship with the adviser on the basis he is using a deceptive sales practice to gain control of your assets.
After reviewing an analysis of the bond deal, underwritten by the ill-fated investment bank, Lehman Brothers, and watching a recording of the Stockton City Council meeting where Lehman bankers pitched the deal, Mr. Michael concluded that "Stockton is entitled to some relief, due to deceptive and misleading sales practices that understated the risk".
The Consumer Financial Protection Bureau and the Federal Deposit Insurance Corporation jointly investigated Discover over deceptive telemarketing and sales practices, including misleading customers into thinking the services, like identity theft protection and credit score tracking, were free.
DealBook » Discover Financial Agrees to Refund $200 Million to Customers | Discover Financial Services struck a settlement with regulators after being investigated over deceptive telemarketing and sales practices, The New York Times reports.
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