Over the last few weeks, banks have more or less remained on the sidelines in terms of the debt ceiling debate. Industry representatives told American Banker that they don’t have the political clout to advance a solution and “fear advocating for a particular plan could open them up to criticism or reprisals, such as tax [...]

In the absence of large banks from the reverse mortgage business, will the industry’s approach in Washington, D.C. need a revamp? The National Reverse Mortgage Lenders Association has long been the industry advocate in Washington, and a recent push from the Coalition for Independent Seniors has also presented an extra boost of industry support. Whether [...]

White House Special Advisor Elizabeth Warren will depart her post as Consumer Financial Protection Bureau “architect” effective August 1. Raj Date, who has served as associate director of Research, Markets, & Regulations at CFPB will assume Warren’s role as special advisor to the secretary of the Treasury on the CFBP, and Warren will return to [...]

Circumstances for retired seniors have gone from bad to worse, according to a July 2011 Research and Policy Brief, as household budgets are increasing while household assets drain away. The Institute on Assets and Social Policy (IASP) released a brief titled From Bad to Worse: Senior Economic Insecurity on the Rise, which examines the economic security of [...]

Family caregiving is becoming a more and more common phenomenon with the rise in numbers of American seniors, and a 2011 AARP study says the value of unpaid family caregiving reached $450 billion in 2009. Recent data shows one in eight Americans are 65 or older, with the number of seniors doubling between 2000 and 2030; the [...]

Home prices showed a second consecutive monthly increase in May, with the majority of 20 metropolitan statistical areas seeing a rise in home prices, according to the Standard and Poor’s/Case-Shiller home Price Indices, released today. May showed a 1% increase after a long period of declining home prices and a slight increase in April, that [...]