This week, AFSA’s State Government Affairs team published their latest white paper, covering reverse mortgages. Reverse mortgages offer a way for seniors to tap into the available equity of their home and can help them maintain their standard of living, afford long-term care or cover other expenses for their families during their lifetimes.
There are still many misconceptions about how reverse mortgages work and what responsibilities remain for property owners after taking out a reverse mortgage. This white paper takes an in-depth look at the history of reverse mortgages and the various types available. The paper also looks at recent state legislation regulating reverse mortgages.
AFSA’s State Government Affairs team publishes a white paper every month. You can find all of SGA’s white papers since 2012 in the SGA resources section of AFSA’s website.
This week, AFSA’s State Government Affairs team published their latest white paper, covering reverse mortgages. Reverse mortgages offer a way for seniors to tap into the available equity of their home and can help them maintain their… Read the rest
The CFPB has released an advance notice of proposed rulemaking to solicit feedback about future changes to qualified mortgage standards under Regulation Z. In particular, the CFPB intends to allow the current treatment of loans eligible… Read the rest
Are you looking to take your compliance training to the next level? Have a fresh compliance training program but need a bit more substance? AFSAU is exactly what you need and it’s more affordable than ever.
New subscribers to AFSA University… Read the rest
This week, the Senate Environment and Public Works Committee marked up its draft surface transportation legislation. The $287 billion bill, more commonly known as the “Highway Bill,” jump-starts a legislative process that… Read the rest
The Department of Housing and Urban Development (HUD) today published a proposed rule updating the interpretation of the disparate impact standard in home financing. The update would require plaintiffs who allege disparate impact discrimination… Read the rest
The Federal Trade Commission’s national “Do Not Call Registry” and its new interactive web database illustrates the plague of illegal robocalls and the need to rein in what is now more than an annoyance. The visuals in … Read the rest
Join us on August 8 at 2 p.m. for How to ensure that your AI doesn’t become a litigation nightmare, presented by Mayer Brown.
Despite our best efforts, things will sometimes go wrong with AI systems. The parties involved may find themselves… Read the rest
Vermont Senate Bill 18 became law yesterday without Governor Philip Scott’s signature and without harmful language for consumers attempting to finance vehicles in the Green Mountain State.
The new law places restrictions on what… Read the rest
In The Hill today, AFSA President & CEO Bill Himpler lays out the need for the Pentagon to allow servicemembers to take advantage of Guaranteed Asset Protection, also known as a GAP waiver.
In the event of an accident, GAP covers the … Read the rest
Become a Business Partner Member today and start generating leads and winning customers in the consumer-finance industry. Enjoy a single rate for 2019 and 2020, plus a bonus worth $1,300.
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