Consumer Financial Services Law Blog
Dykema Gossett PLLC
Dykema Gossett PLLC

Consumer Financial Services Law Blog

Consumer Financial Services Law Blog

News and analysis regarding Consumer Financial Services litigation and regulation, and activities of the Consumer Financial Protection Bureau


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CFPB Focus Group Raises Questions Regarding Reverse Mortgage Ads

Last week, the CFPB announced its findings from a focus group study it conducted regarding reverse mortgage advertising. Although the reverse mortgage market is about 1 percent of the size of the traditional mortgage market, with 628,000 outstanding loans, reverse mortgage lenders can expect increased scrutiny because the CFPB expects the number of reverse mortgage originations to rise now that “baby boomers” are retiring with little other than the equity in their homes to fund their retirements.  Read More ›