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Reverse Mortgage Companies Hit by CFPB for Deceptive Advertising

Today the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose their homes. The CFPB is ordering American Advisors Group, Reverse Mortgage Solutions, and Aegean Financial to cease deceptive advertising practices, implement systems to ensure they are complying with all laws, and … Read more

American Advisors Group – Debt Relief Television Commercial

Commercial Name: American Advisors Group Record Date: 12-3-2010 Network/Channel: Retro TV Description: Commercial encourages people with tight finances over 62 to use a reverse mortgage to tackle their money problems. [quicktime]https://getoutofdebt.org//member/video/AmericanAdvisorGroup-20101203.mov[/quicktime] The debt relief commercial above is presented only as an example and archive of debt relief marketing and NOT AS AN ENDORSEMENT by this … Read more