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CFPB advisory urges older consumers to think about mortgage pay-off dates, retirement expenses

( May 7, 2014, 16:41 GMT | Official Statement) -- MLex Summary: Older consumers approaching retirement should consider their mortgage pay-off dates and estimate their retirement income and expenses, the US Consumer Financial Protection Bureau said in a Wednesday advisory. The CFPB said the share of older homeowners with a mortgage has increased over the last ten years. Statement follows in full. See document below....

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