Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Bureau targets three reverse mortgage lenders
The CFPB has issued consent orders to three reverse mortgage companies — American Advisors Group, Reverse Mortgage Solutions, and Aegean Financial — for deceptive advertisements, including claiming that consumers could not lose their homes. The orders require the companies to cease deceptive advertising practices, implement systems to ensure they are complying with all laws, and pay penalties totaling $790,000. See "Reverse mortgage lenders pay for deceptive ads," in our Penalties pages, for additional information.
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