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Home » Store » News » B&C News Briefs

B&C News Briefs

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B&C News Briefs ÆIt appears that many borrowers will get more money than they originally thought from a government settlement with defunct First Alliance Mortgage Co. In December of 2002, First Alliance agreed to pay $60 million in a settlement with the Federal Trade Commission, which accused the company of tricking borrowers into taking high-priced loans. But according to the FTC, the redress fund has continued to grow, to its current level of $65 million
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