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Amerisave to Pay $19.3 Million for Bait and Switch - Blog OnlineEd
(Jeff Sorg, OnlineEd) – The Consumer Financial Protection Bureau (CFPB) has found that Amerisave lured consumers by advertising misleading interest rates, locked them in with costly up-front fees, failed to honor its advertised rates, and then illegally overcharged them for affiliated third-party services. According CFPB, Amerisave Mortgage Corporation, its affiliate Novo Appraisal Management Company, and …