Faculty Publications

Title

Our consumer financial watchdog misses the mark on Social Security

Document Type

Article

Publication Date

8-29-2017

Abstract

The Consumer Financial Protection Bureau (CFPB) released a new report on Social Security and reverse mortgages that is filled with inaccuracies and misleading information, completely missing the mark in helping Americans better understand how to achieve a financially secure retirement. The report takes issue with using home equity, through a reverse mortgage, to support the deferral of Social Security benefits.