Iowa Attorney General Tom Miller blasted a study Tuesday that said proposed servicer settlement terms could cost the economy $10 billion a year. Miller, who is leading the settlement on behalf of the attorneys general, said the study was "grossly inaccurate," and noted it was paid for by the financial services industry, including some of the servicers involved in talks with the AGs.

"This is a flawed study based on inaccurate assumptions, and it reaches grossly inaccurate conclusions," Miller said in a press release. "This study was bought and paid for by the industry, and that fact is reflected throughout."

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