CFPB is taking action against 3 reverse mortgage companies

The Bureau of Financial Consumer Protection has signed consent notices with three reverse mortgage companies, claiming that each had misleading advertisements about the marketing of their products. The three creditors overturned conspiracy theories, claiming that they violated advertising policies related to mortgage laws and practices, which prohibit misleading claims in mortgage advertising, as well as Dodd-Frank Wall Street’s ban on consumer protections and reforms. according to the Bureau.

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