In the News

Title

Backlash to CFPB’s Reverse Mortgage Report Continues

Document Type

Article

Publication Date

12-20-2017

Abstract

A prominent reverse mortgage researcher joined the criticism over the Consumer Financial Protection Bureau’s recent report on the products, calling the bureau “wrong.”

Wade Pfau, professor of retirement income at the American College of Financial Services in Bryn Mawr, Pa., wrote a lengthy post for Advisors Perspectives that disputes some of the CFPB’s findings.