Real Estate

Large Premium Increases For Flood Insurance Facing Connecticut Shore Homeowners

March 31, 2014
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If you live on the shore in Connecticut expect to see much higher premiums as the prospects for hurricanes along New England coastal areas are increasing. “Groton Town Mayor Rita Schmidt saw her annual flood-insurance rates rise from $2,800 to $3,400 this year, despite the fact that her home on Bank Street in Mystic...

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ADT Settles FTC Charges For Misleading Advertising

March 7, 2014
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Home Security Company ADT Settles FTC Charges that Endorsements Deceived Consumers Company’s Paid Spokespersons Failed to Disclose Their Connection to ADT. As part of its ongoing crackdown on misleading endorsements in advertising, the Federal Trade Commission has charged the home security company ADT LLC with misrepresenting that paid endorsements from safety and technology experts...

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Feds Take Action Against PHH For Mortgage Insurance Kickbacks

Today the Consumer Financial Protection Bureau (CFPB) initiated an administrative proceeding against PHH Corporation and its affiliates (PHH), alleging PHH harmed consumers through a mortgage insurance kickback scheme that started as early as 1995. The CFPB is seeking a civil fine, a permanent injunction to prevent future violations, and victim restitution. The filing is...

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New Mortgage Rule Resources For Consumers

Today the Consumer Financial Protection Bureau (CFPB) released additional resources for consumers as part of its campaign to educate the public about the new protections provided by the Bureau’s mortgage rules. These new materials include sample letters that consumers can send to their mortgage servicers. The Bureau is publishing these educational materials in anticipation...

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