Nationwide Biweekly Administration, Inc., Loan Payment Administration LLC, and Daniel S. Lipsky

CFPB filed a lawsuit against Nationwide Biweekly Administration, Inc., Loan Payment Administration LLC, and the companies’ owner, Daniel Lipsky, alleging that Nationwide misrepresents the interest savings consumers will achieve through a biweekly mortgage payment program and misleads consumers about the cost of the program.

Related documents

Complaint  

Press release

CFPB Files Suit Against Nationwide Biweekly for Luring Customers with False Promises of Mortgage Savings