At the fall meeting of the Consumer Financial Protection Bureau’s Consumer Advisory Board (CAB), the bureau for the first time referred to its work on reverse mortgages as part of its Know Before You Owe programs.
At the CAB meeting, attendees were presented with what one called public documents for consumers, and what a CFPB called a discussion guide.
What does this mean for potential rulemaking by the bureau on reverse mortgages? What areas were CAB members concerned about highlighting for consumers in the process? Read on for more.
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