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Category: Stipulation and consent order

Reverse Mortgage Solutions, Inc. d/b/a Security 1 Lending

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 pay penalties.

Related documents

Consent order  

Stipulation  

Press release

CFPB Takes Action Against Reverse Mortgage Companies for Deceptive Advertising