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GAO Report: Pension Advance Transactions -- Questionable Business Practices Identified
U.S. Government Accountability Office [GAO] 
July 7, 2014
65 pages. "GAO identified questionable elements of pension advance transactions related to the disclosure of rates or fees, and certain unfavorable terms of agreements. The Bureau of Consumer Financial Protection and Federal Trade Commission have oversight responsibility over certain acts and practices that may harm consumers.... Six other federal agencies have oversight over pensions and provide related education. These agencies provided limited consumer education regarding pension advance transactions, but almost all agreed that it would be beneficial. Consumers who are vulnerable to financial exploitation may lack the information needed to make sound decisions." [GAO-14-420, published Jun. 4, 2014, released Jul. 7, 2014]
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