CFPB Fines Amerisave $19M For 'Bait And Switch' Scheme
By Evan Weinberger ( August 12, 2014, 1:27 PM EDT) -- The Consumer Financial Protection Bureau on Tuesday slapped Atlanta-based mortgage company Amerisave Mortgage Co. with a $19.3 million penalty for running what CFPB Director Richard Cordray called a "bait and switch" scheme that locked borrowers into loans with inflated rates and fees....
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