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aarp and reverse mortgages

AARP sues HUD over Reverse Mortgages: What is a reverse mortgage ttp In this video, real estate attorney hugh Fitzpatrick from Tewksbury Massachusetts discusses the lawsuit ...

Report: Arizona among states with numerous financial complaints from older consumers

Seniors are more likely to be financial prey than members of other age groups, whether the target of advertising that glosses over the downsides of reverse mortgages with soothing celebrity testimonials, dealing with mounting pressure over debt collection or succumbing to credit reporting agencies that have inaccuracies or inconsistencies, according to the Consumer Financial Protection Bureau .

“Scammers may look to take advantage of their savings, home equity, or guaranteed income. Older consumers facing a savings shortfall may be harmed by low-balance or overdraft fees at banks, or be tempted to take on credit or use products such as reverse mortgages, whose risks may not be fully understood,” the report said.

Nationally, three out of 10 consumer complaints are about mortgages, the report said. And the major credit reporting agencies account for 95 percent of credit report complaints.

The report, based on a database of 72,000 complaints, came from the Public Interest Research Group , known as PIRG.

AARP Launches Anti-AHCA Ads, Targets GOP Senators

The AARP is targeting six Republican senators in its push to lobby lawmakers not to vote for the House's Obamacare replacement bill.

According to The Hill, the AARP — which represents older Americans — feels the American Health Care Act would be bad for its client base. It plans to spend more than $1 million on TV ads against Republican Sens. Chuck Grassley and Joni Ernst (Iowa), Rob Portman (Ohio), Lamar Alexander and Bob Corker (Tennessee), and Shelley Moore Capito (West Virginia).

The ad buy also continues to target five other Republicans the AARP put in its crosshairs last month: Sens. Jeff Flake (Arizona), Cory Gardner (Colorado), Lisa Murkowski and Dan Sullivan (Alaska), and Dean Heller (Nevada).

The American Health Care Act passed in the House last month and is now in the Senate, where it's being debated and worked up in a committee. The AARP is concerned about a provision in the bill that would allow health insurers to charge older Americans more money for care.

What are your mute-button commercials?

You know. TV ads that are so annoying that you have to dive for the mute button to avoid hearing them.

Flooring Express. Ugh.