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Reverse Mortgage Co. To Pay $1.3M In CFPB Settlement

By Katryna Perera ( October 8, 2021, 7:55 PM EDT) -- National reverse-mortgage lender American Advisors Group has agreed to pay nearly $1. 3 million to settle with the Consumer Financial Protection Bureau over allegations that the lender used inflated and deceptive home estimates to lure consumers into taking out reverse mortgages. . . .

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