CFPB v. American Advisors Group

American Advisors Group allegedly inflated consumers’ estimated home values to entice them to enter into negotiations to open a reverse mortgage and falsely reassured consumers that AAG made “every attempt to ensure the home value information provided is reliable,” according to CFPB. The Bureau alleged that this conduct was deceptive under the CFPA and violated the Bureau’s 2016 consent order.

Summary generated from official Consumer Financial Protection Bureau press release