The Consumer Financial Protection Bureau (CFPB)

CFPB released a new report outlining the stages of recovery from elder financial exploitation and addressing why some older adults are more likely to get their money back than others. The report also identifies areas of work in policy, research, and practices that can help us improve the likelihood of recovery.

CFPB released a new resource for older homeowners who have a reverse mortgage loan. The guide, You have a reverse mortgage: know your rights and responsibilities, provides reverse mortgage borrowers with information on their ongoing obligations with their Home Equity Conversation Mortgage (HECM), the most common type of reverse mortgage loan. Topics include how a borrower may pay-off the loan, what happens after the borrower moves out of the home or dies, what heirs need to know, and more.