No Surprise Here: CFPB Finds Reverse Mortgage Ads Create False Impressions

No Surprise Here: CFPB Finds Reverse Mortgage Ads Create False ImpressionsLast year, Consumerist reported on why you shouldn’t run out to sign up for a reverse mortgage just because Fred Thompson or other paid spokespeople opine about the benefits in national advertising campaigns. Today, the Consumer Financial Protection Bureau echoed our fears that these ads can be misleading by releasing the results of a focus group and issuing an advisory warning consumers that promotions for the costly product often don’t tell the whole story.

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Piston Slap: Feelin’ Blue, FR-S?

 

Piston Slap: Feelin’ Blue, FR S?

Cobalt no more. (photo courtesy: autotopiala.com)

Brandon writes:

Sajeev,

I wrote to you a few years ago about my dilemma with a boring Cobalt. Now I’m writing because I have the opposite problem. I held onto the Cobalt for a wonderful year with no car payment before trading it in on a 2013 FR-S in April 2013. At the time, no one could talk sense into me. I wanted T…

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