Looking to watch the reverse mortgage debate which took place in the House of Representatives last week? Take a look at the video below.
The video includes appearances from both sides of the aisle debating whether or not such an amendment was necessary.
Congresswoman Dina Titus (D-Nevada) and Congresswoman Jan Schakowsky (D-Illinois) co-sponsored an amendment to H.R. 4173, the Consumer Financial Services Bill which would require the CFPA to oversee the reverse mortgage industry to ensure seniors are not exposed to unfair and deceptive practices. The Amendment was passed by a vote of 223-202 late Friday afternoon.
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For some reason you can scroll to the next videos from the embed, you can do that at the link below
http://metavid.org/wiki/Stream:House_proceeding…
Oversight is inevitable but should be welcomed to ensure protection for seniors.