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Any Federal Financial Reform Will Be Slow, Professor Tells NRMLA

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In a wide-ranging talk to the audience at the National Reverse Mortgage Lenders Association’s eastern regional conference in New York City earlier in April, tax professor Jamie Hopkins preached patience in a financial world fraught with legislative uncertainty.

“Financial services have been in a really big flux for about a year,” said Hopkins, tracing the industry angst back to the announcement of the Department of Labor’s expanded fiduciary rule back in April of last year.