Through this acquisition AmeriSave is expected to generate a business of $1.5 billion in originations in 2019.
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Online Lender Ordered to Pay $19.3 Million in Bait-and-Switch Scheme
The Consumer Financial Protection Bureau (CFPB) announced on August 12 that it had levied $19.3 million in penalties against Atlanta-based online lender AmeriSave Mortgage Corporation for engaging in a bait-and-switch scheme that allegedly cheated consumers out of millions.
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